The Fed Will Soon Need to Stem Deflation
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

The Fed Will Soon Need to Stem Deflation

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(Bloomberg Opinion) -- Federal Reserve Vice Chair Richard Clarida expressed confidence earlier this month that the U.S. could avoid an outbreak of deflation. I have become increasingly less confid...
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