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Column: Biden, Fed need new remedies for inflation’s high tides

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20 in Washington, D.C. (Chip Somodevilla/Getty Images/TNS)
Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20 in Washington, D.C. (Chip Somodevilla/Getty Images/TNS)
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The Fed and President Biden are at odds about how to lower persistent inflation, former Federal Trade Commission executive director Bruce Yandle writes.

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