Economy to be closer to full employment

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How to analyze that the financial sector generally prefers higher interest rates and lower employment than the vast majority of citizens would choose in normal time.

Will the central bank be suffered as most people want the economy to be closer to full employment, and appreciate rising wages?

(A central bank that is 'independent' of the public's needs and wants, and caters primarily to those of the financial sector)

(From perspective of heterodox and orthodox, etc)

Reference no: EM132422431

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