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U.S. inflation reached a new 40-year high in June. But if the current economic slowdown gathers pace, the Federal Reserve will likely be less aggressive with the next interest rate increase, according to Wharton experts.
Wharton’s Jeremy Siegel says that high inflation will last until 2024 and the Fed is playing catch-up with its late response.
The Minneapolis Federal Reserve’s moves to shape state education policy have triggered a broader debate on central bank activism. Wharton’s Christina Parajon Skinner weighs in.
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