In most of the 1970s, the Fed's policy created expectations of high inflation.

Name: In most of the 1970s, the Fed's policy created expectations of high inflation.
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During much of the 1970s, the Federal Reserve's monetary policy, which aimed to combat unemployment and stimulate the economy, often led to high inflation. This, in turn, created expectations among the public and investors that inflation would remain high or even increase, contributing to a self-reinforcing cycle of inflationary pressures.

In Most of the 1970s, the Fed's Policy Created Expectations