Friday, March 25, 2016

Does the Fed Really Have a Triple Mandate, Not a Dual Mandate?

The best Fed watcher in mainstream media is Jared Blikre. Below he discusses how many mandates the Federal Reserve actually has.

This will become important down the road, since I expect price inflation to accelerate. Will the Fed ignore the not discussed mandate to keep interest rates "moderate long-term" in order to fight the accelerating price inflation? Not a chance. That's why you should expect a prolonged period of climbing price inflation.

1 comment:

  1. Fed has a singular mandate: keep the Cantillon effect scam going.