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Claudia Sahm: A Fed-induced recession is a medicine worse than the disease
Action to tackle inflation and protect workers should not be based on outdated economic thinking. Some commentators argue that the US needs a recession to bring inflation down. That thinking hinges on a simplistic model of the economy and a refusal to see Covid and the war in Ukraine as important sources of inflation now. The stakes are too
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Posted: July 27, 2022 Wednesday