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The Fed Lag and Mortgage Rate Dilemma

Bloomberg Opinion

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Bloomberg Opinion - What's Next for the Bank of Japan?

Garfield Reynolds: This process is likely to take quite a bit of time. It's not going to be... we don't think smooth, it's probably going to be bumpy. He says the Bank of Japan will need to hold policy at a restricted level for a period of time. Stay tuned to be continuing our conversation with Garfield Reynolds in moments on Bloomberg Opinion.

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