Great Inflation’s Echo From 1966 Serves a Warning to Yellen Fed
Janet Yellen, chair of the U.S. Federal Reserve, speaks during her semiannual report on the economy to the Senate Banking Committee in Washington, D.C. on July 16, 2015.
Photographer: Drew Angerer/BloombergThis article is for subscribers only.
Bob Dylan released “Blonde on Blonde” and Ronald Reagan was elected governor of California. “How the Grinch Stole Christmas” was televised for the first time.
And when no one was looking, the Great Inflation took off.