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showed first 75 words of 4071 total

showed last 75 words of 4071 total
…of reasons, especially over short periods, and the Federal Reserve must exercise considerable caution in interpreting and re-acting to their fluctuations. Foreign Exchange Rates Exchange rate movements are an important channel through which monetary policy affects the economy, and they tend to respond promptly to a change in the provision of reserves and in interest rates. Information on exchange rates, like that on interest rates, is available almost continuously throughout each day. Interpreting the m