Re: Have the Federal Reserves lost control of monetary policy?

GS wrote: "Do they need to adopt a completely new monetary policy
control model, or
alternatively combine some of the mechanisms used in te past. ? "

My answer, Yes! , but no one knows what changes to make. We'll just
have to put up with what we got...A weak, flawed federal reserve
system which is the best we've been able to come up with so far.


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