Immediately she began slashing income tax rates and reining in galloping spending and fighting inflation.
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Most of the Asian and Latin American countries are fighting inflation with tighter money.
Approximately half of respondents said the Fed should shift its focus towards fighting inflation.
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That is because China is fighting inflation, a problem that is causing social and political tension.
Because the European Central Bank is solely focused on fighting inflation (think Germany in the 1920s).
The government has been fighting inflation with a range of policy tools, including the usual monetary tightening.
On the other hand, it is not clear yet that the Fed is really serious about fighting inflation.
Central banks' strong reputations for fighting inflation have stopped the translation of higher oil prices into wage-price spirals.
When it comes to fighting inflation, China might be its own worst enemy.
Fighting inflation through higher interest rates never works, but central bankers always try.
Tuesday's emergency rate cut indicates that at least for now, the Fed is more focused on helping stocks than fighting inflation.
Global disinflationary pressures have made fighting inflation easier for all central banks.
Because he handed responsibility for fighting inflation to the Bank of England and because he has shored up the public finances, he can claim credit for this.
The White House could also urge Ben Bernanke and the Federal Reserve to get more serious about fighting inflation by mopping up some of the excess liquidity that he and predecessor Alan Greenspan spawned.
Tim McCarthy, chief executive of Nikko Asset Management Co. in Tokyo, said he expects the yuan to appreciate at a muted pace next year as China shifts its attention to bolstering growth from fighting inflation.
Among the proposals he wrote about most frequently were: severing the link to gold and letting the dollar float, fighting inflation by reducing the growth of the money supply, ending the draft, abolishing wage and price controls, and cutting taxes.
The Bank of England left rates unchanged this month, but with fears growing that economic expansion will fall short of expectations, it may soon have to choose between fighting inflation and staving off Britain's first recession in over a decade.
More specifically, in what can only be called a strange quirk of timing, the question is whether the country would be better off if the Fed had a single mandate of fighting inflation as does the European Central Bank and the Bank of England.
In late July, the Politburo officially reversed course from fighting persistent inflation to lifting growth.
In June of 2006, Bernanke culminated his inflation fighting efforts by raising the Fed Funds target rate to 5.25%, after CPI inflation reached 4.2%.
Bernanke has seemed to be using the bully pulpit more of late, publicly championing a strong U.S. dollar and inflation fighting.
The banks take over the money printing duties of the Federal Reserve, help contain the cost of U.S. government borrowing and the Federal Reserve gets some much needed inflation fighting credibility.
While these policies - clamping down on loans, currency appreciation and interest rate rises - have been effective inflation fighting tactics, they have proven to be a drag on growth for the corporate sector.
Such talk may burnish the Fed's inflation-fighting credentials but is unlikely to mean much.
The Fed is hardly in a position to swing from a tight-money, inflation-fighting stance.
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While equities go through choppy periods and flat periods, their long-term inflation-fighting benefits have been well-documented.
Gartman noted that the era of the Fed as an inflation-fighting institution is now over.
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Central banks use a variety of devices to convince markets of their inflation-fighting credentials.
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