Reply to thread

Message: <blockquote data-quote="MatthewB" data-source="post: 2332559" data-attributes="member: 223817">A Is only effective when the monetary transmission mechanism operates through the exchange rate, asset prices, or consumption  B.   Is too effective at controlling inflation, causing very high unemployment and low economic growth  C.   Cannot be effective as it does not involve the Fed influencing excess reserves in the banking system through open market operations D.   Can unnecessarily limit the Fed's options sometimes, such as during a financial crisis  E.   Is in line with the Fed's price stability objective</blockquote>