The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve, which wants to cool the economy and even provoke a job-loss recession to avoid that scenario.But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown.
#people #back #comfortable #housing-market #unemployment-benefits #federal-reserve #early-1980s #mortgage-rates
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