This is a giant leap in the right direction. The Fed’s dual mandate is harmful to the long-run stability of the U.S. economy. Monetary policy does not create sustainable employment. While I would take Senator Corker’s proposal one step further and take the Fed out of the business of managing the economy, this is a step in the right direction. Urge your Senators and Representatives to get on board with Senator Corker’s proposal to scale back the Fed.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Can China’s Stop-and-Go Market Reforms Work Forever? - August 18, 2017
- Is China Hiding an Avalanche of Debt? - August 17, 2017
- How Will the World Handle Such Unprecedented Central Bank Balance Sheets? - August 16, 2017