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The Fed's Triple Mandate Problem: It's Time To End The Confusion
The Fed's Triple Mandate Problem: It's Time To End The Confusion Authored by Alexander Salter via TheDailyEconomy.org, What is the Federal Reserve’s job? The standard answer is to maintain full employment and stable prices.  This is what economists and commentators mean when they talk about the “dual mandate.”  But there’s a problem—as a matter of law, the Fed’s mandate has three parts, not two. The Federal Reserve Reform Act of 1977 established the Fed’s objec
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