Fed’s full employment mandate in the crosshair

congress

The head of an influential committee in the US Congress' lower house is set to introduce legislation calling for the Federal Reserve to be stripped of its mandate to promote full employment.

A spokesperson for Paul Ryan, a Republican congressman and the new head of the lower house's budget committee, told CentralBanking.com that Ryan said on Thursday at an event hosted by think-tank e21 that the Fed should focus solely on price stability. "Representative Ryan intends to introduce legislation

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