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Federal Reserve Must Do More Than Raise Rates by 75 Points


(Bloomberg Opinion) — While the market chatter in the run-up to Wednesday’s Federal Reserve interest rate decision has understandably focused on whether the increase will be 50 or 75 basis points, the critical issue in play is a broader one. For its sake and that of both the domestic and global economy, the central bank desperately needs to regain control of the inflation narrative.





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