Assume the current Fed Chairman tries to impress the President and sets a short-term interest target. Explain

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Assume the current Fed Chairman tries to impress the President and sets a short-term interest target. Explain how (or if) he can still control inflation in the long run.

Related Book For answer-question

The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Posted Date: May 08, 2019 05:43 AM

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Assume the current Fed Chairman tries to impress the President and sets a short-term interest target. Explain

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Expectations in long run play an important role in the inflation dynamicsSeveral types of formation ... View the full answer

The Economics of Money Banking and Financial Markets

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