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Given the mandate under the Federal Reserve Act to maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run
Given the mandate under the Federal Reserve Act to maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals ofmaximum employment, stable prices, and moderate long-term interest rates.", should the Federal Reserve maintain its current policy stance, tighten more, or loosen in the next 1 year?
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