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1.What are the two camps inside Federal Reserve regarding the behavior of inflation then and what the policy that Fed should make? (2) What is
1.What are the two camps inside Federal Reserve regarding the behavior of inflation then and what the policy that Fed should make?
(2) What is the Fed's preferred inflation measure and what is its behavior at that time?
(3) Discuss why inflation expectation is so important to Fed's decision on monetary policy.
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