Janet Yellen in her Fed briefing from last week said "Our understanding of the forces driving inflation is imperfect." At least one aspect that's proven particularly puzzling is the relationship between inflation and unemployment: the Phillips curve.
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Was the Phillips curve due to women entering…
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Janet Yellen in her Fed briefing from last week said "Our understanding of the forces driving inflation is imperfect." At least one aspect that's proven particularly puzzling is the relationship between inflation and unemployment: the Phillips curve.