3 ms·
That's an odd, fundamentally disconnected mechanism that, I think, would have devastating impacts for Main St.
by beams_of_light 2y ago
That's an odd, fundamentally disconnected mechanism that, I think, would have devastating impacts for Main St.
- no_wizard 2y agoand it does, and has for many decades. This dual mandate makes little sense in practice
- dragonwriter 2y agoThe dual mandate makes plenty of sense when you realize that the Fed and monetary policy aren't intended to be the whole of economic policy, and that the actual main piece of economic policy is with Congress and fiscal policy.