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Price Stability and Regional Diversity

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Those who recognize and appreciate the regional diversity of our national economy can readily understand why I believe that price stability is the only policy objective that the Federal Reserve System can achieve. My reason for espousing this view is quite simple and is vested in the nature of national business cycles.

Those who recognize and appreciate the regional diversity of our national economy can readily understand why I believe that price stability is the only policy objective that the Federal Reserve System can achieve. My reason for espousing this view is quite simple and is vested in the nature of national business cycles.


Suggested citation: Hoskins, W. Lee, 1991. "Price Stability and Regional Diversity," Federal Reserve Bank of Cleveland, Economic Commentary, 05.01.1991.

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