Monetary Policy in a Low Inflation and Low Unemployment Economy @ Forex Factory


In statements made on Tuesday, Boston Fed President Eric Rosengren explored the current economic environment, characterized by low unemployment and below-target inflation, which are somewhat opposite signals for policymakers. "The double mandate of the Federal Reserve on the part of the Congress had not raised this type of conflict in the first years after the world financial crisis, since unemployment had been undesirably high and inflation somewhat low. Both implied the need for monetary stimuli. But today, the two elements of the Federal Reserve's mandate are to send opposing signals to monetary policy, and low unemployment may suggest a bit more strict … (full story)

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