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Inflation Is Way Down. Is It by Design or Just Luck?
The Daily
The US Government's Long-Term Plan to Lower Inflation Is Working
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Inflation has fallen quite a bit, and that is obviously really good news. But I think the key question here is whether policy is responsible? And the answer to that one is pretty complicated right now. Some of the decline in inflation that we're seeing is a result of policy from the Federal Reserve. But a lot of it is luck, which is to say that raising interest rates had little or nothing to do with it.
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