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Rate hikers fear another 1978 even as 2008 comparisons get louder by the week.

Eurodollar University

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The Fed's Myth of Inflation

The Federal Reserve members are actually going to stores and shopping. The Fed chair Jerome Howe, when he gets up to speak, the world generally stops and listens to what he has to say. But if you came out and tell people, look, this is all ineffective, no one will want to listen to them,. That's why they got to continue to keep the myth alive.

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