- "If people believe that prices will be pretty stable, then they will be — because they won't ask for very high wage increases and people who sell things won't be asking for high price increases," Powell told Morning Edition. "Once that psychology sets in, it tends to perpetuate itself." https://www.npr.org/2022/09/29/1125462240/inflation-1970s-volcker-nixon-carter-interest-rates-fed 20 comments goldandblack
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