On the recordFebruary 8, 2011
If we get this wrong, and if credibility is diminished because of these moves, and if expectations form around price increases, then we do have a big interest rate problem.
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congress.govIf we get this wrong, and if credibility is diminished because of these moves, and if expectations form around price increases, then we do have a big interest rate problem.
Ryan warns about the risks of losing credibility in monetary policy affecting interest rates.
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