Economy Stagflation Threat
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President Ford holds a White House Rose Garden news conference Oct. 9, 1974, the day after disclosing his anti-inflation program. The Chief Executive is wearing one of his WIN-Whip Inflation Now-buttons on his lapel. Stagflation. It was the dreaded "S word" of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered shops and factories and President Gerald Ford's much-ridiculed "Whip Inflation Now" buttons. (AP Photo/File)