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Federal Reserve Performance: Have Business Cycles Really Been Tamed?

Central banks … will do wisely to lay aside their inexpert ventures in half-baked monetary theory, meretricious statistical measures of trade and hasty grinding of the axes of speculative interests with their suggestion that by so doing they are achieving some sort of vague “stabilization” that will, in the long run, be for the greater good. ....

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Speech by Governor Jefferson on the implementation and transmission of monetary policy

Thank you very much for inviting me to be part of the H. Parker Willis Lecture Series. As you know, Dr. Willis was a distinguished professor here at… ....

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Implementation And Transmission Of Monetary Policy, Federal Reserve Governor Philip N. Jefferson, At The H. Parker Willis Lecture, Washington And Lee University, Lexington, Virginia

<p><span>Thank you very much for inviting me to be part of the H. Parker Willis Lecture Series. As you know, Dr. Willis was a distinguished professor here at Washington and Lee University. Among many other accomplishments, he helped create the Federal Reserve System. He served as the first secretary to the Federal Reserve Board from 1914 to 1918 and later as the first research director.</span></p> ....

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