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Tuesday, January 31, 2023

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Inflation is the ‘big ghost in the attic’ – but the Fed risks hurting poorer Americans by fighting it any harder, Wharton professor says

The specter of inflation continues to haunt the US economy, but the Federal Reserve risks harming the poorest Americans if it keeps raising interest rates, a management professor at the Wharton School has warned. “The big ghost in the attic is inflation,” Iwan Barankay recently told Wharton Business …

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