<html><body><p>During the 1970s, inflation <a href="https://quotes.tuteehub.com/tag/expectations-2292" style="font-weight:bold;" target="_blank" title="Click to read more quotes about EXPECTATIONS">EXPECTATIONS</a> <a href="https://quotes.tuteehub.com/tag/rose-2223" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ROSE">ROSE</a> markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in <a href="https://quotes.tuteehub.com/tag/response-2533" style="font-weight:bold;" target="_blank" title="Click to read more quotes about RESPONSE">RESPONSE</a> to economic disruptions - a development that <a href="https://quotes.tuteehub.com/tag/made-941" style="font-weight:bold;" target="_blank" title="Click to read more quotes about MADE">MADE</a> it more difficult to stabilize both inflation and <a href="https://quotes.tuteehub.com/tag/employment-3472" style="font-weight:bold;" target="_blank" title="Click to read more quotes about EMPLOYMENT">EMPLOYMENT</a>.</p></body></html>

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During the 1970s, inflation EXPECTATIONS ROSE markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in RESPONSE to economic disruptions - a development that MADE it more difficult to stabilize both inflation and EMPLOYMENT.

Author - Janet Yellen Subject - Inflation

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During the 1970s, inflation EXPECTATIONS ROSE markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in RESPONSE to economic disruptions - a development that MADE it more difficult to stabilize both inflation and EMPLOYMENT.

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During the 1970s, inflation EXPECTATIONS ROSE markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in RESPONSE to economic disruptions - a development that MADE it more difficult to stabilize both inflation and EMPLOYMENT.

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