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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: DewDiligence_on_SI who wrote (7665)	6/23/2021 1:17:51 AM
From: elmatador	1 Recommendation Recommended By DewDiligence_on_SI Respond to of 13800

Fed Chair Powell says it’s ‘very, very unlikely’ the U.S. will see 1970s-style inflation KEY POINTS Federal Reserve Chair Jerome Powell continued to attribute most of the recent inflation surge to factors closely tied to the economic reopening. He said it is “very, very unlikely” that a repeat of 1970s-style inflation could happen, primarily because of the Fed’s commitment to price stability. Committee Republicans repeatedly pressed Powell on whether the economy was headed toward the hyperinflation of that era. cnbc.com