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National Monetary Policy. Oct 2015

Last update on Nov. 19, 2015.

National Monetary Policy. Oct 2015

Karen Gilmore - Federal Reserve Bank of Atlanta, October 2015

Quasi-Governmental Nature of the Fed

  • A federal structure
  • Political independence
  • Congress and the Fed

The Fed’s Dual Mandate

  • The Fed is pursuing two objectives as given to us by Congress—maximum employment and price stability.
  • The maximum level of employment is largely determined by nonmonetary ...

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