On the recordDecember 2, 2009
The next step at some point, when the economy is strong enough and ready, will be to begin to tighten policy, which means raising interest rates.
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congress.govMike Johanns: “The next step at some point, when the economy is strong enough and ready, will be to begin to tighten policy, which…”
Editor's note · Context
Johanns outlines the Fed's plan to tighten monetary policy when the economy improves.
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