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Allison Schrager: Why the Federal Reserve Keeps Underestimating Inflation
A Q&A with Dartmouth economist Andrew Levin about the economic risks the U.S. is facing and why the central bank got it so wrong. The Fed messed up. Big time. After almost 40 years of low, predictable price growth, inflation is back: 8.5% at last count and it may go higher still. Some of the inflation is related to pandemic re-opening, but some
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Posted: May 2, 2022 Monday 06:30 AM