The Federal Reserve is obsessed with inflation, so much so that it ignores the fact that millions

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“The Federal Reserve is obsessed with inflation, so much so that it ignores the fact that millions of American workers are unemployed. We need a Fed that fights for American jobs. We need a Fed that views any unemployment as too much unemployment, rather than worrying about whether inflation is 2% or 3%.” In a one-page essay, discuss the merits and demerits of this viewpoint, using graphs and equations when helpful.
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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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