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What If High Inflation Doesn't End? How To Invest If High Inflation Stays

Money For the Rest of Us

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The Fed's Tools Work Principally on Aggregate Demand

In a speech, Powell drew on three lessons from the 1970s and 1980s that argued for more restrictive monetary policy. He said our responsibility to deliver price stability is unconditional. The second lesson is what the public thinks about future inflation can impact what inflation will be over time. And he says central bankers must keep at a focus on inflation until their job is done.

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