“Should the Fed Worry About Unemployment?”
“One of the things most people don’t realize when they watch the Federal Reserve move the levers of U.S. monetary policy is that its leaders actually wear two hats. The Fed’s marching orders from Congress are to “promote effectively the goals of maximum employment and stable prices.” One of the hottest debates among economists right now is whether the Fed should try to do both jobs – what’s known as the Fed’s dual mandate — or just focus on prices, i.e., inflation.” Read more.
“Should the Fed Worry About Unemployment?”
Charles Wallace
Daily Finance, November 20, 2010.
Image by Salvatore Vuono / FreeDigitalPhotos.net.
