President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (137872)	9/30/2013 1:47:35 PM
From: Wharf Rat	Read Replies (1) of 149317

"The Fed said they'd focus on jobs, which Congress and Obama figured meant they didn't have to." That is so wrong. Obama figured he had to, so naturally a dysfunctional group of 3 year olds in Congress figured it had to stop him. americanjobsact.com "Do we really believe the Fed's role is to engage in Central Economic Planning?" One of the Fed's duties is to create maximum employment. At a time when half the pols in DC are trying to create maximum unemployment so that Obama won't be reelected to a third term, they are the only functioning tool in the chest. The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. [10] The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. [11] en.wikipedia.org

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