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> The Fed's stated goal is to create jobs, not destroy them. That’s not true. Here’s the truth: https://www.federalreserve.gov/aboutthefed.htm https://www.fede
by stepstop 6y ago
> The Fed's stated goal is to create jobs, not destroy them.
That’s not true. Here’s the truth: https://www.federalreserve.gov/aboutthefed.htm https://www.federalreserve.gov/aboutthefed.htm
- kbutler 6y agohttps://www.federalreserve.gov/faqs/what-economic-goals-does-federal-reserve-seek-to-achieve-through-monetary-policy.htm https://www.federalreserve.gov/faqs/what-economic-goals-does... The Congress has directed the Fed to conduct the nation's monetary policy to support three specific goals: * maximum sustainable employment, * stable prices, and * moderate long-term interest rates. These goals are sometimes referred to as the Fed's "mandate." [hn formatting added]
- stepstop 6y agoThank you. My mistake, not sure how I missed that word!
- greesil 6y agoI think they are referring to quantitative easing.
- SllX 6y agoRight there in your link: > conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; (Emphasis mine) Every single bullet that follows either restates the first bullet or is tertiary.