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Frederic Mishkin and Amir Sufi: The Fed Shouldn't Watch the Calendar
The U.S. Federal Reserve faces a daunting task as it moves away from near-zero interest rates: communicating its plans without unduly shaking up financial markets. The job would be easier if everyone involved recognized that the central bank's actions must depend on the state of the economy, not on the calendar.Consider what happened in July
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Posted: March 10, 2016 Thursday 09:25 AM