Make the Fed Have One Job Again

Make the Fed Have One Job Again

Fergus Hodgson, November 25, 2019

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A lot of dysfunctions within America’s economy can be traced back to the Federal Reserve’s heavy hand in setting interest rates and tweaking the money supply.

Danielle Dimartino Booth, CEO of Quill Intelligence and former advisor to the Dallas Fed, believes the US central bank lost its way in the 1970s when Congress tasked it with ensuring both maximum employment and price stability.

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Instead, she argues the Federal Reserve should have a single goal—keep inflation low—and must allow the business cycle to run its course.





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