Most Fed watchers are convinced that the Fed is committed to:
A) high inflation.
B) low and volatile inflation.
C) low and stable inflation.
D) a high unemployment rate.
E) high and stable inflation.

Question

Quizplus · Accepted Answer

The Fed has a dual mandate of promoting maximum employment and price stability. One way of achieving price stability is through low and stable inflation. Therefore, the Fed is committed to maintaining low and stable inflation.

Most Fed Watchers Are Convinced That the Fed Is Committed