Not since the 1990s inflation. Veronique deRugy @veroderugy, @GeorgeMasonU, @Mercatus

Nov 25, 01:12 AM

Photo:    US unemployment rate, 1978–2004.  1990 is at the center, on the gray vertical.
               When the Fed was established, it had one mandate: to maintain the dollar at a stable value.  Recently, an added mandate is to keep unemployment low. 



Not since the 1990s inflation. Veronique deRugy  @veroderugy,  @GeorgeMasonU, @Mercatus


Veronique de Rugy, @veroderugy,  @GeorgeMasonU, @Mercatus Center, Senior Research Fellow, Mercatus Center, George Mason University & NRO Online.