3 comments

[ 199 ms ] story [ 980 ms ] thread
I'm still left with a weird feeling about whether the Fed should really be trying to "sustain the expansion"...
Sustaining the expansion is questionable but the Fed's more specific goal has been to maintain inflation at around 2%, which it has done surprisingly well over the last 20 years. Of course, we have no way of knowing if the Fed's actions were actually causal.

https://fred.stlouisfed.org/graph/?g=1ED0