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.
- Trump Strikes a False Note at the United Nations
- The Consequences of the U.S. Baby Bust
- Republicans Peddle Nonsense to Sell Health-Care Plan
- Bet With Buffett, Not Against Him
- Wanted: Russia Experts, No Expertise Required
- The Constitution Is Passing the Trump Stress Test
- We Didn't Normalize Trump. We Normalized the Left's Violence.