James Bullard comments on the Fed’s dual mandate. Mr. Bullard has been a proponent of quantitative easing 2.0. One may wonder why he favors another round of money printing after hearing him rightly explain that the Fed cannot create jobs. I repeat the Fed cannot create jobs. The only thing the Fed can do is provide price stability. With inflation near zero, what exactly is the purpose of injecting another $600 billion in high powered money into the banking system?
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Currency Traders Don’t Like New Zealand’s New Government - October 20, 2017
- The Bears have Punched Themselves Out - October 19, 2017
- Is it Time to Worry about a Stock Market Crash? - October 18, 2017