Fed’s Long, Strange Inflation Trip Feels Like a 1960s Flashback

Short resume:

policy
90%
1960s
80%
rate
70%
price
60%

Joblessness in the U.S. has fallen to its lowest level in more than a decade, yet wages and inflation have been slow to respond. It’s a puzzle for the Federal Reserve, and history may prove a relevant guide.
Source Bloomberg
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