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America’s rising consumer price index (CPI) and weak job growth have caused talk of 1970s-style “stagflation,” an economy that exhibits both high unemployment and inflation. Is this the case, and if so, what are the appropriate responses from Congress and the Federal Reserve? In an environment where the line between fiscal and monetary policy has become increasingly blurry, it is important to separate the two.
Policy professionals won’t want to miss this 30-minute Policy Pulse discussion breaking down the current inflationary trend and laying out a way forward that clarifies the roles of Congress and the Fed.
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