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The U.S. Federal Reserve and investors in the bond market have traditionally been seen as hard-eyed cops on the inflation beat, ready to spring into action when prices rise. But this year, as inflation surged to a level not seen in more than a decade, both have remained surprisingly serene. Plenty of other people, however, are worried.

United statesWhite houseDistrict of columbiaJerome powellJoe bidenMarket committeePeterson institute for international economicsRepublicans in congressSenate on augFed chair jerome powellWall streetTreasury secretary larry summersPeterson instituteInternational economicsJuly federal open market committeeஒன்றுபட்டது மாநிலங்களில்