3 ms·
I agree but the USD isn't designed to achieve low inflation. The Fed has a public mandate to achieve low inflation, which isn't quite the same thing.
by lottin 5y ago
I agree but the USD isn't designed to achieve low inflation. The Fed has a public mandate to achieve low inflation, which isn't quite the same thing.
- notahacker 5y agoIt's a moot point, but I'd consider the Fed and its mandate and operating procedures and target as part of the design of the modern USD (just as other regimes like Bretton Woods were also specific policy choices intended to achieve specific ends, not something which spontaneously appeared or naturally evolved)