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In an op-ed, Prof. Daniel Altman discusses monetary policy with Prof. Paul Wachtel

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Excerpt from Big Think -- “'The Fed thinks that its approaches to quantitative easing have done what they were designed to do: bring down long-term interest rates,' [Wachtel] said in our conversation this week. 'They think that the policy has been effective in boosting growth, albeit anemic growth. Further quantitative easing cannot do much more to lower long rates, which are at historical lows.'”

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