Goodfriend’s economic views challenged by US senators

Federal Reserve

Marvin Goodfriend faced questions regarding his past rejection of the Federal Reserve’s dual mandate to maintain stable prices and low unemployment in an appearance before the US Senate today (January 23).

The US academic was nominated by President Trump to become a member of the Board of Governors of the Federal Reserve System in November.

Goodfriend has been critical of unconventional monetary policies in the past, such as the programme of asset purchases implemented by the Fed in the wake

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