Accentuate The Positive

Challenges for Monetary Policy Part 6 of 14
The lag time necessary for inflation to respond to policy is especially long. As a policymaker discharging our dual mandate, I am always mindful that in providing the monetary conditions for employment growth, we must not also sow the seeds of inflation that will eventually [...]

Federal Reserve and Monetary Policy Part 7 of 13
The Fed and Monetary Policy
The Feds primary mission is to ensure that enough money and credit are available to sustain economic growth without inflation. If there is an indication that inflation is threatening our purchasing power, the Fed may need to slow the growth [...]