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What is the implementation lag? the time it takes for the Fed to confirm that the economy is trending in or out of a recession

What is the implementation lag? the time it takes for the Fed to confirm that the economy is trending in or out of a recession the lag associated with the response of banks and financial markets the time it takes the Federal Reserve Board to decide on a policy once a problem is recognized the time the Fed must wait for economic data to be collected, processed, and reported

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