Fed's unwanted ally in bid to tame inflation: Credit crunch

Fed's unwanted ally in bid to tame inflation: Credit crunch

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The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending. The upheaval in the financial system that's followed the collapse of two major U.S. banks is raising the likelihood that…

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