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106: WaPo Economics Columnist Catherine Rampell

The Al Franken Podcast

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The Fed's Next Step in Dealing With Inflation

It would be really nice if you can see another bank failure. The Fed is in a terrible situation because almost whatever it does to solve problem A will make problem B worse, right? But we still have really high inflation. It's not as bad as it was in the middle of last year, but it's still like three times as high as the Fed says it is targeting. And the longer we deal with elevated inflation, the harder it can be to stamp out.

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