monetary policy

11:25AM
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The realities of central banking

President Trump’s recent attacks on the U.S. Federal Reserve underscore the important role central banks play in any economy.


1:44PM
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In the 1970s the Bank of Canada switched to monetarist money-supply targeting.


10:28AM
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The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.


3:48PM
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A phrase heard almost hourly at the conference was “this time is different.”