Analysts: The Fed should adjust its dual mandate and recalibrate monetary policy
-
最新报道：According to Bijie.com, on August 5 (UTC+8), Brij Khurana, fixed income portfolio manager at Wellington Management, stated that the Federal Reserve plans to update its statement every five years to outline how it will achieve its dual mandate of maximizing employment and price stability. The Fed last issued this statement in 2020 during the COVID-19 pandemic, when it adopted a framework focused on a 2% long-term average inflation rate. When the Fed releases its next statement later this year, it should thoroughly reconsider the dual mandate and recalibrate monetary policy toward maximizing productivity. Since 2008, annual productivity growth in the United States has slowed to 1.6%, down from 2.4% over the previous 18 years. Focusing on re-accelerating productivity would enable the Fed to achieve its dual mandate goals without the unintended negative consequences it has created, including increased income inequality and rising debt levels—both of which reduce productivity. This trajectory warrants a revision of the dual mandate. (Source: MarsBit)
下一篇
BlockDAG Leads Altcoin Charge With 3025% ROI Potential As Bull Run Nears
- BlockDAG's presale at $0.0016 presents a potential 3,025% ROI before August 11, featuring ...
24小时热点
热点专题
415697