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The Board has decided to ease monetary conditions to counter early signs of an economic downturn. Because price inflation has been a burden in recent
The Board has decided to ease monetary conditions to counter early signs of an economic downturn. Because price inflation has been a burden in recent years, the Board is eager to avoid any action that the public might interpret as a return to inflationary conditions. How might the Board use its various powers to accomplish the objective of monetary ease without drawing unfavorable publicity to its actions?
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