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A Federal Reserve president thinks fears of a 1970s-style stagflation are overblown

Upworthy Tuesday, 1 July 2025 ()
Brendan McDermid/REUTERS Federal Reserve leader Austan Goolsbee smoothed stagflation fears at the Aspen Ideas Festival. Goolsbee cited low unemployment and falling inflation as reasons not to panic. Despite pressure, the Federal Reserve maintains high interest rates to bring down inflation. A…
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