Michael Feroli on Federal Reserve

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Last quote by Michael Feroli on Federal Reserve

Giving lip service to strong dollar policy had been accepted for 20 years or more. On interest-rate policy, I think it's tricky, because arguably the third mandate of the Fed is low long-term interest rates. So I don't think just being a low-interest rate person is a problem. I don't think this is per se a threat to Fed independence, but it's definitely a little bit different than what we've become used to.feedback
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Apr 12 2017
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