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Balancing Inflation and Growth Part 6 of 13

Wednesday, November 18, 2009

Balancing Inflation and Growth Part 6 of 13
The woes of financial operators should not be overlooked, of course. There is a palpable risk that their pathology will lead to credit constriction that will, in turn, trigger an economic contraction. But thus far, the Cassandras on Wall Street, in the press and on [...]

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Balancing Inflation and Growth Part 4 of 13

Sunday, September 6, 2009

Balancing Inflation and Growth Part 4 of 13
The Federal Reserve, unlike the Bank of England, has a dual mandate. We are charged with creating the monetary conditions to support sustainable noninflationary employment growth. We must keep our eyes on two things: economic growth and price pressures. Of course, this is easier said [...]

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