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The 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 determine
by chalst 5y ago
The 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...