<html><body><p>We need to keep in <a href="https://quotes.tuteehub.com/tag/mind-171" style="font-weight:bold;" target="_blank" title="Click to read more quotes about MIND">MIND</a> the well-established <a href="https://quotes.tuteehub.com/tag/fact-2534" style="font-weight:bold;" target="_blank" title="Click to read more quotes about FACT">FACT</a> that the full effects of monetary policy are felt only after <a href="https://quotes.tuteehub.com/tag/long-251" style="font-weight:bold;" target="_blank" title="Click to read more quotes about LONG">LONG</a> lags. This means that policy <a href="https://quotes.tuteehub.com/tag/makers-5812" style="font-weight:bold;" target="_blank" title="Click to read more quotes about MAKERS">MAKERS</a> cannot wait until they have achieved their objectives to begin adjusting policy.</p></body></html>

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We need to keep in MIND the well-established FACT that the full effects of monetary policy are felt only after LONG lags. This means that policy MAKERS cannot wait until they have achieved their objectives to begin adjusting policy.

Author - Janet Yellen Subject - Until

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We need to keep in MIND the well-established FACT that the full effects of monetary policy are felt only after LONG lags. This means that policy MAKERS cannot wait until they have achieved their objectives to begin adjusting policy.

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We need to keep in MIND the well-established FACT that the full effects of monetary policy are felt only after LONG lags. This means that policy MAKERS cannot wait until they have achieved their objectives to begin adjusting policy.

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