6.2.25 Legal Docket, Moneybeat, and the Vanport Flood
The World and Everything In It
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Exploring a Rules-Based Approach to Federal Reserve Policy
This chapter explores the idea of a rules-based approach to the Federal Reserve's monetary policy, contrasting it with the discretionary practices currently in place. It highlights the significance of clear guidelines for achieving economic targets and discusses the potential challenges of implementing such a system.
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