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MI190: Central Banking 101 w/ Joseph Wang
Millennial Investing - The Investor’s Podcast Network
Understanding the Fed's Dual Mandate
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The federal reserve is the lender of last resort for the banking system. The Fed has a dual mandate, and that's price stability and full employment. When you raise interest rates, you're going to mess up your full employment mandate a little bit, but you'll hite your inflation manditi a bit. This trade off hasn't worked very well for the past ten, 20 years.
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