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If effective monetary policy means taking away the punch bowl just as the party gets going, then effective financial stability policy might mean taking away the punch bowl before the guests have even arrived because the risks to financial stability build up over time and action likely needs to be taken earlier in order to be effective.

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Reuters 6 years ago

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    "Loretta Mester Quotes." Quotes.net. STANDS4 LLC, 2022. Web. 26 Sep. 2022. <https://www.quotes.net/citizen-quote/128631>.

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