End the Fed's Dual Mandate And Focus on Prices: John B. Taylorby
In 1977, Congress first gave the Federal Reserve a dual mandate to promote both “maximum employment” and “stable prices.” At the Republican presidential debate on Sept. 12, the major candidates argued that the Fed should instead focus squarely on the goal of long-run price stability.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Trump-Russia Probe Is About to Get Uglier
- Trump Is a No-Show in the Fight Against Opioids
- An Expert's Guide to Navigating the World of Bitcoin
- Star Wars' Gross Galactic Product Problem
- The U.S. Has Way Too Many Secrets
- Trump Might Have Already Created Some Jobs
- 4 Developments to Watch in Global Economy