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Home>The August 9 FOMC Decision – Ineffective at Best, Dangerous at Worst

The August 9 FOMC Decision – Ineffective at Best, Dangerous at Worst

Perspectives Content Submission

Wed, 17 Aug 2011

The FOMC’s decision to commit to holding its federal funds target in a range of zero to 25 basis points at least through mid 2013 strikes me as an ineffective way to accomplish one of its goals – full employment of the labor force — and potentially dangerous with regard to another of its goals – st
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