Full Employment and Balanced Growth Act (Humphrey-Hawkins Act)

DATE: October 27, 1978

AUTHOR:

ABSTRACT: The Full Employment and Balanced Growth Act of 1978 (the Humphrey-Hawkins Act) establishes price stability and full employment as national economic policy objectives. The Act requires the Federal Reserve to conduct monetary policy pursuant to achieving these two goals, and to report to Congress on its conduct of monetary policy twice a year.

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