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anchor definition - finance
A term used by Federal Reserve Governor Edward M. Gramlich in January 2003 to say that U.S. monetary policy needed an anchor, or a long-term strategy. He said that a clear strategy would help the Federal Reserve react to economic problems such as a surge in unemployment without riling financial markets.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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