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Letter "D" » Dallas Fed Quotes
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«Persistent deficit spending can create problems for monetary policy. When fiscal authorities run large deficits, they leave central banks with a troublesome choice.»
Author: Dallas Fed
«Overflowing red ink can divide monetary and fiscal authorities on the importance of price stability. Weakening the consensus on fighting inflation only increases the temptation for political meddling in monetary policy.»
Author: Dallas Fed
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