Suppose that oil prices hit an all-time high of $200 a barrel, driving U.S. inflation up to 7% per year. At the same time, weak U.S. growth and increasing foreign competition has generated unacceptably high levels of unemployment in the United States. You are the Chair of the Federal Reserve. What do you suggest?

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The Answer of Suppose that oil prices hit an all-time high of $200 a barrel, driving U.S. inflation up to 7% per year. At the same time, weak U.S. growth and increasing foreign competition has generated unacceptably high levels of unemployment in the United States. You are the Chair of the Federal Reserve. What do you suggest?

Suppose That Oil Prices Hit an All-Time High of $200