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Inflation could be lowered with elevated interest rates / an economic recession

By Hicbd
Wed Aug 25 2021 3:25 pm

"Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation...Those high interest rates made it so expensive for people and companies to borrow that the economy weakened steadily."

URL:
https://apnews.com/article/financial-markets-us-news-ap-top-news-consumer-prices-inflation-d91989c6d267295f565fa4be7a825555
https://www.investopedia.com/ask/answers/111314/what-methods-can-government-use-control-inflation.asp

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Categories:
Global Poverty Government Debt / Spending / Budgeting U.S. Federal Reserve Economic Recessions / Depressions Inflation

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