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For 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 o
by jbay808 5y ago
For 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.