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An article in the WSJ dated August 3 noted that the Federal Reserve was indicating that it might allow inflation in the US to run

An article in the WSJ dated August 3 noted that the Federal Reserve was indicating that it might allow inflation in the US to run higher than its 2% target. If inflation were allowed to increase at 3-4% per year, who might benefit? Who would likely be hurt? Think of investments in your answer as well.

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