Fed's Job-Focused Bias Critiqued

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monetary policy framework

Reuters

•

Business

Business & Economics

Fed should ditch current policy framework, group of former top central bankers says

Summary

Nutrition label

80% Informative

Group of former top world central bankers says the Federal Reserve should scrap bias towards jobs and keep a stricter focus on inflation.

The U.S. central bank is in the middle of its own review of its operating strategy.

The current approach of ignoring low unemployment as an inflation risk and viewing maximum employment as a "broad-based and inclusive goal" should also be dropped.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful