In 2021, inflation rose at a rate not seen in more than three decades. Congress gave the Federal Reserve a mandate to maintain stable prices. The bank, with its power to lend and set interest rates, is getting a test in the form of a snarled supply chain and a world continuing to recover from the Covid pandemic. As a result, economists across the spectrum wonder if the Fed can control this bout of price spikes.
— Read on www.cnbc.com/video/2021/12/07/inside-the-federal-reserves-fight-to-control-inflation.html
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