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Clive Crook: The Fed Needs Some Guidance
Every central bank tries to steer expectations about monetary policy. If businesses and consumers expect the Federal Reserve to let inflation surge out of control, the chances are fair that inflation will surge out of control. If they expect the Fed to keep inflation on track, inflation is more likely to stay on track. Shaping expectations
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Posted: March 19, 2015 Thursday 11:24 AM