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Posts tagged ‘fed funds’

Look! Up in the Sky! It’s a Hawk! It’s a Dove! No…It’s the President of the Minneapolis Fed!

When danger threatened Metropolis, mild-mannered reporter Clark Kent dashed into the nearest phone booth to change into Superman. When the U.S. economy begins to stall, inflation-hating hawk and president of the Minneapolis Fed, Narayana Kocherlakota, runs up to Ironwood, Michigan to transform into a monetary-policy dove.

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