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> The Fed has no mandate to generate or maintain economic growth. Correct. And yet they let inflation get this bad, so it seems like they're trying to avoid re
by OscarCunningham 4y ago
> The Fed has no mandate to generate or maintain economic growth.
Correct. And yet they let inflation get this bad, so it seems like they're trying to avoid recessions even though they haven't been told to.
- kube-system 4y agoOr they believed it would be transitory and any action would upset longer term price and employment stability.
- NovemberWhiskey 4y agoYou don't need to guess; you can go read the minutes of prior Fed meetings here: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm https://www.federalreserve.gov/monetarypolicy/fomccalendars....