In Turkey the official inflation rate is 20% (more than three times that of the U.S.), the unofficial one is worse and worsening. But when it comes to inflation, is the U.S. becoming like Turkey? Steve Forbes on the recent inflation surges and disturbing similarities between the Central Bank of the Republic of Turkey’s and the Federal Reserve’s ability to fight inflation.
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Turkish Lira Plunges, Inflation Surges: Warning For The U.S.? — Steve Forbes | What’s Ahead | Forbes