From 1962, inflation rose from a fairly stable 2% to a peak of 6% in 1969. That rise triggered the Fed tightening cycle that caused the 1970 recession. Inflation fell as it usually does during recessions but came back with a vengeance in 1974. Inflation rose quickly in from 3% in late 1972 to 12% in 1974. In total, there were 3 massive waves of inflation during the 1970s, 3 Fed tightening cycles, 3 recessions and 3 major bear markets. Is it possible the Fed will replay this s