Ben Casselman, The Wall Street Journal 4.2%: How high inflation would be if the Fed allowed prices to stray as far from its target as unemployment...
Ben Casselman, The Wall Street Journal 4.2%: How high inflation would be if the Fed allowed prices to stray as far from its target as unemployment has. The Federal Reserve has a dual mandate to promote both price stability and maximum employment. It’s a delicate balancing act: Focus too much on keeping inflation in check and the Fed runs the risk of strangling growth, driving up unemployment; focus too much on promoting hiring and inflation can quickly spin out of control. Read More
