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The recent rapid rise in interest rates has impacted prices in virtually all areas. The Fed has a dual mandate: Full employment and stable prices.
The recent rapid rise in interest rates has impacted prices in virtually all areas. The Fed has a dual mandate: Full employment and stable prices. The generally stated goals for full employment are 4% or less unemployment and 2.5% inflation rate. Currently, if you were Chairperson Jerome Powell, how would you use your monetary tools to obtain these goals.
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