Wednesday, November 3, 2021

Powell risks rerun of 1960s inflation from confusing jobs market - BNN Bloomberg

Powell risks rerun of 1960s inflation from confusing jobs market - BNN Bloomberg: In the late 1960s, U.S. economic policy makers misjudged how hot they could run the jobs market without fanning inflation. The miscue paved the way for an economically debilitating wage-price spiral the following decade.

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