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They have a dual mandate on both employment and inflation, and have to balance.
by cma 5y ago
They have a dual mandate on both employment and inflation, and have to balance.
- jbay808 5y agoFor sure, and I strongly believe that a dual mandate was a grave mistake because a single-output controller simply can't control two variables that respond in opposite directions to that output. This allows their policymaking to be politically influenced and pick winners, and is one strong reason their inflation-fighting credibility is low.