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Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper
Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession?
Such an "immaculate disinflation" has never happened before, economists say.
Such an "immaculate disinflation" has never happened before, economists say.
The Federal Reserve is unlikely to be able to bring down inflation without having to push rates considerably higher, according to a research paper.