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Thomas Hoenig on Inflation and the Federal Reserve
The Great Antidote
The Fed Continues to Do This After Were So Far Into Recovery
Initially the idea behind this move was due to the high unemployment. Why did the fed continue to do this after we were so far into recovery aman 20 15? If we were recovering in the last quarter of two thousand nine that is a long time. And i understand the dual mandate, but i also understand the limits of what policy can do.
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