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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
Ben Bernanke
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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.

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I was recalling that other world in which it had thrilled me, in a way, the surprise of thinking that I could be a person who would betray Daniel. Now I wondered if Daniel could surprise himself, could surprise me, by being such a person too. Would he let himself do such a thing? I didn__ think so. And then I wondered: Is it by will, then, that we are who we are? Do we decide, do we make ourselves, after a certain point in life?I tried to call up the moment when I had decided I could be such a person. It seemed to me I hadn__ quite got there, not really. That I was still just playing with the idea of it when the ground shifted under me. But perhaps to play with such an idea was already to be a certain kind of person.

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