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Shultz Links Inflation With High Interest Rates
Outgoing Treasury Secretary George P. Shultz says relief from record high rates depends on progress against inflation and that rates may have peaked. He notes inflation keeps long term rates high and backs Fed policies to curb money growth. Labor Secretary Brennan sees no immediate inflation solution, while Shultz contemplates a third career in business.
MENTIONED IN THIS ARTICLE
Shultz
Washington
Treasury
George P. Shultz
Federal Reserve Board
Labor
Peter J. Brennan