I'm goddamn sick and tired of hearing that the Fed's mandate is to control inflation. They are charged with maintaining maximum employment and price stability. From their own website, “The Federal Reserve System has been given a dual mandate—pursuing the economic goals of maximum employment and price stability.” Their anti-employment policies put power in the bosses' hands. The Fed only acts to neuter the power of the workers.
I'm goddamn sick and tired of hearing that the Fed's mandate is to control inflation. They are charged with maintaining maximum employment and price stability. From their own website, “The Federal Reserve System has been given a dual mandate—pursuing the economic goals of maximum employment and price stability.”
Their anti-employment policies put power in the bosses' hands. The Fed only acts to neuter the power of the workers.