Should be the main focus of the feds monetary policy

Reference no: EM133441780

Assignment:

According to section 15.5 of our textbook, the U.S. Federal Reserve (the Fed) operates under a "dual mandate" to take both unemployment and inflation into account when making monetary policy. With this dual mandate comes routine debate over which aspect of the macroeconomy the Fed should make its primary focus. Click to read recent Yahoo Finance article that typifies this debateLinks to an external site.. With that context in mind, answer the following questions.

In general, do you think unemployment or inflation (choose one) should be the main focus of the Fed's monetary policy? Carefully consider the impact on society and yourself of unemployment and inflation and then explain why you think the Fed should focus on one over the other.
Currently, in early 2023, do you think unemployment or inflation (choose one) should be the main focus of the Fed's monetary policy? Compared to before when discussing the economy in general, did your answer change for the current time period? Why or why not?

Reference no: EM133441780

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