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Biden-Powell Duo Seeks to Define an Era Like Reagan-Volcker Did

  • Low rates, tax hikes and boost for labor reverse the 1980s mix
  • Paradigm shift risks return of the inflation that Volcker slew
Bloomberg business news
Biden: I Will Not Add Tax Burden to Middle Class
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Forty years ago, President Ronald Reagan and Federal Reserve Chairman Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy.