question archive In a column in the Wall Street Journal, two economists at the Council on Foreign Relations argue: Simple put, the Fed must choose between managing the level of reserves and managing rates

In a column in the Wall Street Journal, two economists at the Council on Foreign Relations argue: Simple put, the Fed must choose between managing the level of reserves and managing rates

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In a column in the Wall Street Journal, two economists at the Council on Foreign Relations argue: Simple put, the Fed must choose between managing the level of reserves and managing rates. It cannot do both". Do you agree? Briefly explain 

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