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An inflation rate targeting rule will not work if the Fed continues to sue open market operations. has been adopted the by the Fed in
An inflation rate targeting rule
will not work if the Fed continues to sue open market operations.
has been adopted the by the Fed in response to the financial crisis of 2008-2009.
means that the inflation rate must exceed 5 percent in order for the rule to be effective.
reduces uncertainty about monetary policy.
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