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I'm still left with a weird feeling about whether the Fed should really be trying to "sustain the expansion"...
by arawde 7y ago
I'm still left with a weird feeling about whether the Fed should really be trying to "sustain the expansion"...
- aeternus 7y agoSustaining the expansion is questionable but the Fed's more specific goal has been to maintain inflation at around 2%, which it has done surprisingly well over the last 20 years. Of course, we have no way of knowing if the Fed's actions were actually causal. https://fred.stlouisfed.org/graph/?g=1ED0 https://fred.stlouisfed.org/graph/?g=1ED0