Mission Accomplished

ECONOMIC & MARKET INSIGHTS

Federal Reserve’s Perspective Is Largely “Mission Accomplished” By: Scott M. Colbert, CFA ®

With a 4.3% unemployment rate and inflation moving towards or hovering around 2%, the Federal Reserve (Fed) is likely giving itself a pat on the back this month for reaching its target goals for the economy. The media widely reports that the Fed is tasked by Congress to operate under a so-called “dual mandate,” which directs the board “to promote effectively the goals of maximum employment and stable prices.”

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