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cover of episode Has the Fed ever met its 2 goals?

Has the Fed ever met its 2 goals?

2024/8/7
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Marketplace

AI Deep Dive AI Chapters Transcript
People
A
Andrew Chow
A
Anne Owen
B
Brandon Katz
J
Jay Christopher Hamilton
K
Kevin Jakes
M
Michael Dedad
M
Michael Smith
R
Raveta Gozan
R
Ross Benesch
Topics
Michael Dedad:美联储的双重目标在法律定义上较为模糊,"最大化就业"并非一个具体的数值,而是更抽象的概念。这使得评估美联储是否达到目标变得复杂。 Anne Owen:"最大化就业"的目标在于将失业率降至最低,但前提是不能引发通货膨胀上升。过低的失业率可能导致企业竞相提高工资,进而推高物价,形成工资价格螺旋。因此,寻找失业率和通货膨胀率之间的最佳平衡点至关重要,但由于经济数据并非实时获得,且经济形势瞬息万变,当下判断是否达到平衡点非常困难。 Kevin Jakes:近几十年来,美联储在相当长的时间内实现了双重目标,例如20世纪90年代和2000年代初期到中期的一些时期,就业市场强劲,通货膨胀率低。2008-2009年的经济大衰退时期则是一个例外,失业率过高,通货膨胀过低。2010年代到疫情爆发前,经济状况良好,失业率和通货膨胀率都较低,美联储再次实现了其目标。 Michael Dedad: 美联储目前的失业率和通货膨胀率相对较低,但通货膨胀率仍高于美联储2%的目标,失业率也在上升,因此尚未完全达到双重目标。

Deep Dive

Chapters
The Federal Reserve's dual mandate of ensuring stable prices and maximum employment is examined, with historical examples showing periods where the Fed achieved these goals.

Shownotes Transcript

Since the 1970s, the Federal Reserve has been officially tasked with a dual mandate: keeping prices stable and maximizing employment. But has the Fed ever found that sweet spot? It would be easier to answer if the economy wasn’t always in flux. Also: Disney’s streaming service posts its first profit, what we can learn from women entrepreneurs of the 19th century, and noise from a bitcoin mine haunts people in a rural Texas town.