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If the Fed enhances its credibility when it sets its own inflation targets short term interest rates will be more responsive to changes in the
If the Fed enhances its credibility when it sets its own inflation targets
short term interest rates will be more responsive to changes in the long term interest rates.
long term interest rates will be less responsive to changes in the short term interest rates.
short term interest rates will be less responsive to changes in the long term interest rates.
long term interest rates will be more responsive to changes in the short term interest rates.
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