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Fed Chair Powell's explanation of pandemic-era inflation and employment goes against a classic Econ 101 theory
That outlook goes against the basic tenets of the Phillips Curve. The decades-old rule suggests a stronger labor market would go ... consumer demand and hampered supply due to global shipping ...
Opinion: There’s still a real threat that inflation makes a comeback
The Phillips curve-based view of the inflationary ... investment and deregulation. The supply-side may struggle to keep up, ...