Reported about 8 hours ago
The Federal Reserve's longstanding dual mandate of maintaining stable prices and maximizing employment is facing new scrutiny in Washington, as GOP pressures mount. A bill introduced by House Financial Services Committee Chairman French Hill aims to eliminate this dual mandate in favor of focusing solely on controlling inflation. The proposal would amend the Federal Reserve Act to align with the practices of global central banks, although some former officials argue that the effectiveness of dual versus single mandates remains unproven.
Source: YAHOO