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The binge of recent years would not have been possible if the Fed had had a prudent monetary policy.
FORBES: Magazine Article
Indeed, as economies become ever more sophisticated, and real economic output ever more difficult to measure accurately, prudent makers of monetary policy will have to monitor an ever-broader set of indicators, equity prices included.
ECONOMIST: From angst to action?
The development of the Term Deposit Facility is an issue of prudent planning and should have implications for the near-term conduct of monetary policy.
FORBES: No To "Twist" But A Little "Bump" & "Hustle"
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