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