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- Fed's Brainard: Expansive Fiscal Policies Could Lead to Higher Inflation, Interest Rate Increases
Fed's Brainard: Expansive Fiscal Policies Could Lead to Higher Inflation, Interest Rate Increases
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Possible Monetary Policy Could Be Affected for Some Time by Uncertainty Over Fiscal Policy, Effects on Economy
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Many Sources of Uncertainty Affecting Trajectory of U.S. Economy, Monetary Policy
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Has Been Speculation About Significant Changes to Fiscal Policy of Late
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Magnitude, Composition, Timing of Any Fiscal Changes as Yet Unknown
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Even Once Any Changes Enacted, Uncertainty Will Remain About Effects on Economy
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Additional Fiscal Demand Will Likely Result in Inflationary Pressures When Economy Close to Full Employment, Inflation Near Target
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