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On November 15, 1971, President Richard M. Nixon, Dr. C. Jackson ("Dan") Grayson, Jr., George H. Boldt, Donald H. Rumsfeld, Stephen B. Bull, White House photographer, and Ronald L. Ziegler met in the Oval Office of the White House from 1:53 pm to 2:02 pm. The Oval Office taping system captured this recording, which is known as Conversation 618-032 of the White House Tapes. Topics include: The President met with C. Jackson Grayson, George H. Boldt and Donald H. Rumsfeld; Stephen B. Bull and the White House photographer were present at the beginning of the meeting. Greetings National economy - Price Commission and Pay Board - Difficulty of job - Performance - The President's recent press conference - Uncertainty - Pay Board - Labor participation - George Meany's statement - Press - Forthcoming decisions - Retroactivity - Organized labor - Sanctity of contracts - Public policy - Inflation - Rumsfeld's conversation with General Motors - Prices - Application -90 day freeze - Labor - Business participation - Meeting, November 11, 1971 - Retroactivity Stephen B. Bull and Ronald L. Ziegler entered at an unknown time after 1:53 pm. The President's schedule - Cost of Living Council [COLC] - Agenda - John B. Connally - Press - Length of remarks - Congressmen - Purpose - The President's forthcoming remarks - The President's economic program - Pay Board and Price Commission - Phase II - Inflation National economy - Pay Board - Retroactivity COLC - Forthcoming meeting - Press - Grayson's and Boldt's appearance on "Face the Nation," November 14, 1971 - The President's schedule - Camp David - Handling - Connally The President et al. , left at 2:02 pm. Participants: Nixon, Richard M. (President); Grayson, C. Jackson ("Dan"), Jr. (Dr.); Boldt, George H.; Rumsfeld, Donald H.; Bull, Stephen B.; White House photographer; Ziegler, Ronald L.