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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 the . . . → Read More: Balancing Inflation and Growth Part 6 of 13 Balancing Inflation and Growth Part 8 of 13 Over the same period, the dollar has declined nearly 3 percent against the euro. We know that monetary policy acts with a lag of commodities trading systems, but even with my well-documented pessimism about the efficacy of lowering the fed funds rate to 3 percent, I . . . → Read More: Balancing Inflation and Growth Part 8 of 13 |
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