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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous]The Fed should be gently and gradually dialing interest rates up to knock inflation back down. I'm not sure what they're waiting for. That's what they did in the 1970s, waited for inflation to spiral and then went overboard dropping the hammer of a massive interest hike rather than a more tempered and measured approach. That in turn drove recession issues. [/quote]
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