The Fed should eliminate the objective of maximum employment from its mandate for monetary policy (automation will kill the notion of "maximum employment" anywa

The Fed should eliminate the objective of maximum employment from its mandate for monetary policy (automation will kill the notion of "maximum employment" anyways). They should also rethink their approach to inflation and raise the inflation target to 3%. Yields are likely to stay historically low due to the overwhelming demand for the ultimate safe haven asset, U.S. Treasury bonds.