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In next downturn, Fed may opt for quick, strong action

In next downturn, Fed may opt for quick, strong actionNEW YORK/SAN FRANCISCO (Reuters) - In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse. The broad approach appeared to have some support among other policymakers grappling with the how the Fed and other central banks should prepare to fight a future recession.


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