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Articles on Stagflation

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Biden reappointed Jerome Powell, seated at left, to head the Fed. Some progressives wanted him replaced with Lael Brainard, seated right. AP Photo/Manuel Balce Ceneta

Jerome Powell keeps his job at the Fed, where he’ll be responsible for preventing inflation from spiraling out of control – without tanking the economy

After weeks of mulling, Biden decided to give Powell another term as Fed chair, which means he will have more influence over the trajectory of inflation than anyone else.
President Muhammadu Buhari raises his fist during an inspection of honour guards on parade to mark Democracy Day in Abuja, on June 12, 2019. Pius Utomi Ekpei/AFP via Getty Images

Buhari’s COVID-19 economic plan: old wine in new wineskins

President Buhari’s Post COVID-19 economic recovery plan is neither novel nor ground-breaking.
Employees at a gas station in Los Angeles watch President Jimmy Carter giving his energy speech over national television on July 15, 1979. AP Photo/Mao

Revisiting Jimmy Carter’s truth-telling sermon to Americans

At at time of rising hatred and nationalism, Jimmy Carter’s speech – a sermon that cautioned against excess, offers a counterexample.
Even the big, bad Wall Street bull is scared of inflation. AP Photo/Richard Drew

Why does inflation make stock prices fall?

While many market observers blame growing concerns about inflation for the stock market crash, the real culprit may be fears that the economy is about to slow.
Inflation may be a bull market’s greatest enemy. AP Photo/Richard Drew

Stocks hate inflation – here’s why

While many market observers blame the growing threat of inflation for the stock market crash, the real culprit may be concerns that the economy is about to slow.

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