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Jul 2022
28m 41s

How Expecting Inflation Can Actually Cre...

The New York Times
About this episode
To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices. The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that inflation is a permanent feature of the economy, that might become a self-fulfilling proph ... Show More
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