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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (9230)	7/14/2004 11:09:08 AM
From: GraceZ	Read Replies (1) \| Respond to of 116555

No one here implied that employment was ever their "only" impetus for adjusting rates. You made a statement that the Fed "never", I was simply pointing out where in the history of the Fed that the objective of "full employment" was added to their charter (expired or otherwise). Interestingly, even with the legislation expired the Fed chairmen still fulfills the other obligation of HH which is to report to both houses twice a year. BTW the Phillips Curve was largely disproved in the 1990s.