Are We There Yet? - Full Employment and Price Stability

October 21st, 2014
in econ_news

from the Dallas Fed

In pursuit of its dual mandate - maximum sustainable employment and price stability - the Federal Reserve has followed a highly accommodative monetary policy. Accommodation is evident both in the level of short-term interest rates (essentially zero) and in the size of the Fed's balance sheet ($4.4 trillion as of September 2014, up from $1 trillion just before the collapse of Lehman Brothers in September 2008).

Follow up:


As Fed officials contemplate the future course of policy, they must consider how near they are to achieving their objectives. That judgment depends on an assessment of the progress made to date and of the economy’s likely trajectory over the period required for past policy actions to have full effect. Past actions have imparted forward momentum to the economy that must be taken into account when deciding how much current monetary stimulus is appropriate.

[click on image below to continue reading]

Source: http://www.dallasfed.org/assets/documents/research/eclett/2014/el1413.pdf









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved