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by JumpCrisscross
7 days ago
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> They're closely related But not the same. In this case, the difference is material. > It's the central bank which controls the interest rates, the reserve requirement and other stuff which affects it Affects. But does not control. That's what makes it challenging. To my memory, a soft landing from 5+ percent inflation has been achieved precisely once in modern monetary history. (And not for lack of trying.) |
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