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Judy Shelton: The Fed’s Mandate Is Up to Congress and the President
Lawmakers in the past have broadened the central bank’s goals, directing it to boost U.S. competitiveness. The role of the Federal Reserve as an instrument of public economic power could use some clarification. The central bank’s status as an independent agency derives from an act of Congress in 1913, and is reinforced by oft-invoked references
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Posted: September 16, 2019 Monday 06:39 PM