3 ms·
FED actually has three mandates, one of them almost never mentioned: * employment * price level * moderate long term interest rates
by thow-58d4e8b 5y ago
FED actually has three mandates, one of them almost never mentioned:
* employment
* price level
* moderate long term interest rates
- chalst 5y agoThe requirement to pursue moderate long-term interest rates is usually seen as part of price stability, since the level of long-term interest rates is determined by inflation expectations. Cf. https://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...