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Paulson Says Fed May Need to Act if Inflation Surges

Paulson indicated that a rise in inflation could prompt the U.S. Federal Reserve to intervene to address economic pressures.

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Terms & Concepts
  • Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial stability, and economic regulation.