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Tuesday, December 10

FT News Briefing

00:00

Confronting Inflation: A Federal Reserve Legacy

This chapter explores the Federal Reserve's response to the political and economic turmoil of the late 1970s and early 1980s, focusing on the Chairman's bold decision to raise interest rates in an effort to control inflation. It also examines his commitment to good governance and the legacy he hoped to leave behind amid significant political pressures.

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