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Monetary policy works by managing expectations.
Drawn from what Brad DeLong said
What Brad DeLong actually said
- Brad DeLong Economics professor at the University of California
Monetary policy works by managing expectations: For what moves spending is the market’s expected future path of short rates, which feeds into long rates, equity prices and exchange rates.
Added to korrents 13 Oct 2026 · How quotes work · Something wrong? Tell us
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