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Strategies & Market Trends : ahhaha's ahs
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To: GraceZ who wrote (5717)12/10/2002 4:33:31 PM
From: DMaARead Replies (1) of 24758
 
Providing liquidity and managing the money supply are what it was chartered to do.

Since Humphrey-Hawkins, managing the economy to provide full employment is part of their charter too. I have read opinions that this bill is the source of much of the Fed's destructive policy. Your opinion?

Humphrey-Hawkins Act of 1978, stipulated that the general objectives of economic policy, including monetary policy, should be "full employment, balanced growth...and reasonable price stability."
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