President Jimmy Carter signs an emergency natural gas legislation in the Oval Office of the White House in Washington, D.C., in 1977. ASSOCIATED PRESS hide caption toggle caption ASSOCIATED PRESS Economy Memories of the 1970s haunt the Fed, pushing its aggressive rate moves September 29, 2022 • The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking. Memories of the 1970s haunt the Fed, pushing its aggressive rate moves Listen · 4:32 4:32 Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/1125462240/1125747361" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Memories of the 1970s haunt the Fed, pushing its aggressive rate moves Listen · 4:32 4:32 Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/1125462240/1125747361" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
