We're in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

We're in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

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A “blowout jobs report” pushed the unemployment rate to a 53-year low of 3.4% in January, and despite persistent inflation, consumers keep fueling the economy with robust spending. Normally, that would be great news, but St. Louis Federal Reserve President James Bullard said Wednesday that it…

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