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Recession vs. Stagflation and Jobs. Economist Weighs in on What’s Next

WSJ's Take On the Week

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Navigating Stagflation: Fed Policy Impacts

This chapter discusses the Federal Reserve's monetary policy amid strong employment and rising inflation, focusing on the challenges of stagflation. It analyzes the implications for the job market, underemployment rates, and the significance of real wages in the current economic landscape.

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