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Peter Morici: The Fed needs to target a floor for the 10-year Treasury, in addition to radically raising the fed funds rate

Peter Morici: The Fed needs to target a floor for the 10-year Treasury, in addition to radically raising the fed funds rate

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Federal Reserve Chairman Jerome Powell faces the toughest task since Chairman Paul Volcker tamed the Great Inflation of the 1970s and early 1980s. And a lot of the pressures driving the most virulent inflation in decades are well beyond monetary policy to control except with radical measures.

...read full article on Market Watch

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