Reported about 16 hours ago
The scrutiny of the Federal Reserve intensifies as a new congressional panel discusses the central bank's focus on inflation versus employment, a debate that has existed since the dual mandate's establishment in 1978. House Republicans argue that distractions have hindered the Fed's primary mission of maintaining price stability. The task force plans to explore whether the Fed’s current dual mandate is effective and consider monetary policy rules for clearer decision-making. With inflation having decreased significantly under Jerome Powell's leadership, some Republicans still believe the Fed's response to pandemic-induced inflation was inadequate.
Source: YAHOO