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Well before monetary policy was something they did [the Fed adopted its dual mandate in 1977], the Fed’s primary role was to calm financial markets, step in when there was a potential for bank runs, keep the money flowing, sadly, they’ve had some experience with this in the last 10 to 15 years, with the financial crisis, with the beginning of the pandemic.

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CNN 1 year ago

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    "Claudia Sahm Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Nov. 2024. <https://www.quotes.net/citizen-quote/480954>.

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