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The Federal Reserve Attacks American Workers

In a commentary for The Nation, PERI's Robert Pollin argues that raising interest rates to increase unemployment is not the solution to addressing inflation. He posits that "an average inflation rate of 3-4 percent, as opposed to 1-2 percent, is not a serious problem, as long as that somewhat higher inflation rate results from increased wages and a more equal distribution of the economy’s overall economic pie."
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