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Arthur Burns: shorthand for Fed failure?
Manage episode 354324313 series 2504996
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History remembers Arthur Burns as the Fed chair who let inflation run rampant. That's precisely the outcome that current Fed chair Jerome Powell wants to avoid. Today, we look back at the '70s to find out what went wrong.
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For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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