federal reserve

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Latest agreement leaves Bank of Canada’s responsibilities unclear

The 2021 agreement introduced a new goal—that monetary policy should also support maximum “sustainable” employment.

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In countries whose currencies have risen against the U.S. dollar, there’s “flow-through deflation” as imports get cheaper.

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In his book, the former Federal Reserve chairman confesses that the Federal Reserve and the Treasury Department were powerless to prevent Lehman Brothers from failing.