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Inside the Federal Reserve's fight against stagflation

Central bankers are tightening the U.S. economy amid historic inflation pressures. Meanwhile, the shock of war in Ukraine is slowing global growth. These factors raise the threat of a return to stagflation. Over the decade, Americans could see persistent price increases unless the central bank lifts rates to help curtail them. Federal Reserve Chair Jerome Powell has called for a swift return to neutral interest rates to calm markets. Can the Fed stick a soft landing? Only time will tell.
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Mon, May 2 20227:58 AM EDT