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Memories of the 1970s haunt the Fed, pushing its aggressive rate moves

04:32
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)
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)

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