On the recordFebruary 3, 2014
First of all, it raises the real or inflation-adjusted cost of capital, and it also redistributes debt burdens.
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congress.govFirst of all, it raises the real or inflation-adjusted cost of capital, and it also redistributes debt burdens.
Yellen discusses the economic costs of persistently low inflation.
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I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.
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We share the objective that you have which is to rid ourselves of dependence on China.