Fed should keep labor markets tight for a more inclusive economy (Anthony Barr and Kristen Broady, Brookings)

October 14, 2021

The United States Federal Reserve has a dual mandate from Congress: maintain price stability and pursue maximum employment. A new strategy announced in August 2020 by Federal Reserve Chair Jerome Powell called for a more inclusive employment mandate aimed at boosting employment for workers in low- and moderate-income communities, often people of color. This is in keeping with the Fed’s response to the pandemic’s effect on the economy, which has used aggressive bond purchases and other tools to keep the labor market as tight as possible, thereby preventing a landslide into recession-level unemployment.

Fed should keep labor markets tight for a more inclusive economy (brookings.edu)

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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