The Fed’s Charter

Just in case anyone’s curious, here’s what it says:

FEDERAL RESERVE ACT

SECTION 2A—Monetary Policy Objectives

The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, s…
Original Source

  24 January, 2008| Economy | @ 15:41

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