Not since the 1990s inflation. Veronique deRugy @veroderugy, @GeorgeMasonU, @Mercatus
Nov 25, 2021, 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
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.