Fed's Olson on economic growth

In the speech 'Economic growth: Lessons from the Sioux Falls experience' given on 5 December Mark Olson of the Federal Reserve said the Fed can best promote a credit climate that fosters rural progress by maintaining an environment of low inflation.

In his speech to the Rotary Club of Sioux Falls, South Dakota, Olson said the Fed's use of monetary policy was a "blunt instrument that cannot be targeted at individual industries or regions," but was critical to help create a credit climate under

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