Spur economic growth and job creation

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Reference no: EM1376949

In August 1994, Alan Blinder, currently appointed as vice chairman of Federal Reserve Board, gave a talk in which he discussed that the Fed should be willing to tolerate somewhat higher inflation in order to spur economic growth and job creation. The dollar fell, almost immediately. Explain the link between Dr. Blinder's views and the value of the dollar.

Reference no: EM1376949

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