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Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, World Affairs Council of Philadelphia, February 17, 2010
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Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, World Affairs Council of Philadelphia, February 17, 2010
Persistent link: https://www.econbiz.de/10008489274
"Monetary policy acts with a lag. I liken it to a good single malt whiskey or perhaps truly great tequila: It takes time before you feel its full effect. The Fed has to be very careful now to add just the right amount of stimulus to the punchbowl without mixing in the potential to juice up...
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In 1913, Congress purposefully created the Federal Reserve as an independent central bank, which created a fundamental … of the Federal Reserve System. A central bank’s independence, however, is the key tool to ensure a government will not …
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January 4, 2013. Presentation. "The Global Battle Over Central Bank Independence." NABE Panel Discussion: "Federal …
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