Monetary Policy That Holds the Fed Accountable

Media quotes
Written By Shoshana Weissmann

Published by the Cato Institute.

The so‐called dual mandate calls for the Fed to achieve both price stability and maximum employment. Now that the Fed has also become responsible for guarding against financial instability, it really operates under an even broader mandate.[2]

2. The Fed Is as Poor at Knowing the Future as Everybody Else, Before the US House of Representatives Subcommittee on Monetary Policy and Trade of the Committee on Financial Services, 113th Cong., 1st Sess. (September 11, 2013)(testimony of Alex Pollock).

Shoshana Weissmann
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