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These are the stated goals of the Fed, yes. In practice, does it matter? The Fed operates with impunity and can effectively do what ever it's members prefer.
by rybosworld 4y ago
These are the stated goals of the Fed, yes.
In practice, does it matter? The Fed operates with impunity and can effectively do what ever it's members prefer.
- arcticbull 4y agoAbsolutely not, it's beholden to Congress.
- landemva 4y agoThis Fed bank Pres was trading $M on non-public inside info before Fed market-moving actions. Will Congress do anything? https://markets.businessinsider.com/news/stocks/robert-kaplan-stock-trades-apple-tesla-federal-reserve-president-2021-9 https://markets.businessinsider.com/news/stocks/robert-kapla... "Dallas Fed President Robert Kaplan made million-dollar stock trades in Tesla, Amazon"