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Narayana Kocherlakota: Stagflation Is Just What the Economy Needs
The Federal Reserve should be — and appears to be — aiming for a period of elevated unemployment and inflation. The US Federal Reserve's pitched battle with rising prices has given rise to widespread concerns about a possible return of stagflation — the combination of high unemployment and high inflation that afflicted the US in the
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Posted: November 30, 2022 Wednesday 07:00 AM