DualMandate
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’ The Federal Reserve’s dual mandate includes promoting maximum employment and stable prices, but it also has a third objective: moderate long-term interest rates. The third mandate was originally part of the Fed’s goals in the 1977 Federal Reserve […]
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