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If U.S. yields rise faster than markets expect, or if there is miscommunication about future U.S. monetary policy, adverse spillovers through financial channels and capital outflows, as during the 2013 taper tantrum, could present challenges by compromising macro-financial stability.

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Reuters 7 months ago

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    "Jonathan Ostry Quotes." Quotes.net. STANDS4 LLC, 2021. Web. 8 Dec. 2021. <https://www.quotes.net/citizen-quote/395055>.

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