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Tag Archives: Fed Funds
The Fed’s Mandate, US Policy and the Rest of the World
The Fed’s objectives, as set by Congress, are to maintain stable prices and to maximize employment. This “dual mandate” is accompanied by a rarely cited third objective, to maintain moderate long term interest rates. Those should be a natural outcome of maintaining stable … Continue reading
Time to Raise Rates?
James Bullard, President of the St. Louis Fed, thinks that the Fed should raise rates. He cites the low jobless rate, inflation near target, ex-oil, and the need to move early, rather than be late. I think he is alarmist, but … Continue reading
