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2015-12-30 07:55:43 US ●●●●●●s ●●●●●●ta ●●●●●●●●●●●● ●●●●●● The job that Yellen ●●●●●●ts is very ●●●●●●ent from the job which faced all of her ●●●●●●●●●●●●. They ●●●●●●d ●●●●●● ●●●●●●ively on the ●●●●●●on of where to set the Fed funds rate; that’s a non-issue for Yellen, who is ●●●●●●nly going to keep that rate at zero for the ●●●●●●eable ●●●●●●. I●●●●●●, Yellen has two other tools at her ●●●●●●al. One is QE: the Fed can ●●●●●●ue to pump money into the ●●●●●●y for as long as it likes, ●●●●●●gh no one on the ●●●●●●tee loves the idea of doing so ●●●●●●●●●●●●. And the ●●●●●● is ●●●●●●d ●●●●●●ce, or what is ●●●●●●mes ●●●●●● “●●●●●●l open mouth ●●●●●●ions”: the ●●●●●●y of the Fed to set ●●●●●●●●●●●● by being very clear about what it ●●●●●●s to do in the ●●●●●●. |