UNITED STATES: Fed stakes credibility on rate pause
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In this article
- Unusual form
- Conventional departments
- Regulatory commissions
- Multiple principals
- Policy-making influences
- Limits on power
- Earning autonomy
- 1965-79 failures
- Restoring credibility
- Crisis-response origins
- Evolving authority
- Central bank
- Monetary policy objectives
- Credibility is key
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