Chicago Fed’s Evans warns against leaning on asset-price bubbles
Charles Evans, the president of the Chicago Federal Reserve, on Friday said the Federal Reserve should not burden monetary policy with too many mandates.
At the 20th Annual Hyman Minsky Conference on the State of the US and World Economies in New York, Evans said under the Federal Reserve Act, the Fed had a statutory obligation to foster price stability and maximum employment and that this dual mandate already required the Fed to accomplish two objectives with a single tool: a short-term
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