Inflation Will Go Nowhere If Government Spending Spree Continues: Study

3 months ago
Central banks including the Federal Reserve volition neglect to curb inflation unless governments commencement to beryllium liable for spending, according to a survey presented to cardinal bankers astatine a Jackson Hole league successful Jackson Hole, Wyoming. The authors of the study, Francesco Bianchi of Johns Hopkins University and Leonardo Melosi of the Chicago Fed, warned that expanding involvement rates would extremity up successful stagnation without capable constraints ...
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