Washington â¢ The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment.
Itâs the Fedâs other goal â price stability â thatâs stayed persistently out of reach. Inflation has been edging further below the Fedâs 2 percent target. Problem is, too-low inflation tends to slow consumer spending, the U.S. economyâs main fuel. Many consumers delay purchases if they think the same price â or a lower one â ...
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