Fed considered extreme measures

edickens edickens at DREW.EDU
Mon Mar 25 15:45:11 PST 2002



>From the perspective of the historical preoccupations of central bankers,
the FOMC blundered by getting locked into a transparent monetary policy. This is yet more floundering around trying to find a way out--a task that will be become urgent the next time the FOMC's international concerns come into conflict with its domestic ones.

Tom Dickens



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