3 ms·

I dislike that the Fed operates as if the happiness of the investor class is their number one priority.

• pixelatedindex 10mo ago
  > if the happiness of the investor class is their number one priority The investor class has capital, and America is capitalist. I’m not the biggest fan either but we gotta acknowledge the reality we live in.
• cman1444 10mo ago
  Of the dual mandate, which would you say prioritizes the investor class, and how would you approach it differently?
  • jgalt212 10mo ago
    > promote maximum employment and price stability (low, stable inflation, targeting 2%) The dual mandate says nothing about asset prices. The only prices it mentions are those involved in CPI calcs.
  • lovich 10mo ago
    You asked about which piece "of the dual mandate", but the OP said "operates as" which I am going to reply to. Does the Fed can any data from labor sources or unions? I am asking in honest because the few reports from them that I have looked into(mostly around unemployment) all seem to be polls solely sourced from investor class assets like companies. If they are only sourcing from one biased source for their data, they wouldn't have to have a bad mandate or manipulate it, to operate like it was for the benefit of the data source, right?