The Fed's Future: Single vs. Dual Mandate Showdown
Update: 2025-09-18
Description
Is the Fed about to lose its job-boosting powers? Republican lawmakers are pushing to strip the Federal Reserve of its dual mandate, demanding laser focus on taming inflation. This shakeup could mirror the European Central Bank's strategy, potentially sidelining employment concerns. With the Fed already navigating a tricky economic landscape, could this single-minded approach hamstring its ability to respond to future crises? The battle over the Fed's purpose is heating up in Washington, and the outcome could reshape the American economy.
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