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Chicago Fed 's Moskow on monetary policy

In the speech 'Reflections on monetary policy: Flexibility, transparency, and inflation guidelines' given on 26 September Michael Moskow of the Federal Reserve Bank of Chicago said he was wary of setting strict numerical targets for inflation and that a flexible approach could still keep inflation expectations low.

"There are many issues that need studying before a final determination may be made," Moskow said in remarks to the National Association for Business Economics meeting.

In the past the

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