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The mandate is for "stable prices". When a person's body weight is stable it may fluctuate a little but basically stays the same year-over-year. This says "sta
by landemva 4y ago
The mandate is for "stable prices". When a person's body weight is stable it may fluctuate a little but basically stays the same year-over-year.
This says "stable prices",
https://www.federalreserve.gov/aboutthefed/section2a.htm https://www.federalreserve.gov/aboutthefed/section2a.htm
Federal Reserve actually targets 2% per year and regularly exceeds that. Try that with your body weight and look at the scale in a decade when you can't see your toes. Nobody cares to hold Federal Reserve to the law of stable prices.
Notice how they word-smith "stable prices" into "stable inflation".
"... low and stable inflation at the rate of 2 percent per year ..."
https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm https://www.federalreserve.gov/monetarypolicy/monetary-polic...