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The Fed’s battle against inflation risks turning into a forever war—and may last as long as Operation Iraqi Freedom while Iran ‘status quo’ drags on
CRAYON summary
Fortune reports that the Federal Reserve's effort to bring down inflation risks becoming prolonged, possibly lasting as long as Operation Iraqi Freedom, as a "status quo" involving Iran continues. The piece quotes a speaker saying inflation has been above 2% for almost six years and that, while there was progress at times, lately there has been none and "if anything, it's going the wrong way."
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Chronological.
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The Fed’s battle against inflation risks turning into a forever war—and may last as long as Operation Iraqi Freedom while Iran ‘status quo’ drags on
“We’ve been above 2% for almost six years, and while it sometimes we were making progress, lately we’re not making any progress, and if anything, it’s going the wrong way.”
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