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Two policies in as many hours suggest words speak louder than action
Last month’s rate rise is drawing criticism. Some say it should abandon plans to increase again soon
Former Goldman Sachs banker to replace Narayana Kocherlakota
Kocherlakota warns of dangers of undershooting inflation goal
Central banks should try to hit a predetermined price level each year
Framework for explaining policy is out of date, writes Robin Harding
International Edition