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Federal Reserve should take steps to restore its credibility

The Federal Reserves greatest resource is its credibility. People have to believe the central bank will get inflation under control -- or else inflationary psychology becomes entrenched and causes years of pain. Likewise, people need to trust that Fed leaders will prioritize whats best for the nation over any personal gain -- otherwise the central bank wont survive.
United States Peter Conti Brown Raphael Bostic Richardh Clarida Robert Kaplan James Bullard

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