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Jeremy Stein: Policy Doesn't Work as Well for Those Near the "Zero Lower Bound"

Jeremy Stein, Federal Reserve Board: The motivation for a "slower for longer" approach isn't about stimulating inflation, it's about preventing a move back towards the "zero lower bound" on interest rates. On October 11, 2012, Economic Studies at Brookings hosted a discussion with recently appointed Federal Reserve governor, Jeremy Stein. Vice President and Co-Director of Economic Studies Karen Dynan gave introductory remarks, and Brookings Senior Fellow Donald Kohn moderated a question and answer session. Governor Stein also took questions from the audience. More on this event can be found at: http://goo.gl/SpD0g
Length: 01:02

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