The Fed may have succeeded in beating inflation without tanking the economy, Nobel economist Paul Krugman says
The Federal Reserve may have won its battle against inflation without tanking the economy, according leading academic Paul Krugman.
"But suddenly ULC is telling a much less dire story. In fact, it's suggesting major disinflation," the Nobel-Prize winning economist said in aHe also pointed to falling inflation expectations as a sign of"immaculate disinflation" in the US economy – when inflation cools without triggering a rise in unemployment.
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