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Peter Morici: Powell and the Fed may be prone to the same mistakes that stoked inflation in the 1970s

U.S. central bank acts serious about taming inflation, but easy money beckons. Read More...

U.S. Federal Reserve Chairman Jerome Powell faces a tough row to hoe fending off politicians who favor easy-money policies while maintaining the stability of the nation’s banking system and lowering U.S. inflation to 2%.

From 1979 to 2009, annual increases in the consumer price index averaged 4% vs. 1.8% in the 2010s. Now the U.S. may be reverting back to that prior norm.


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