The Federal Reserve is on the cusp of doing what some thought was impossible: Beating inflation without a deep recession
WASHINGTON (AP) — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” topped the TV charts. But now the Federal Reserve appears to be on the verge of defeating them – and without the rise in unemployment and the deep recession that many economists had … [Read more…]