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The ‘Cruel Hoax’ of the Fed’s Jobs Mandate

Unemployment’s jump in July underscores the dilemma of the Fed, tasked by law with ensuring both ‘price stability’ and ‘full employment.’

The Federal Reserve chairman, Jerome Powell, May 1, 2024.
The Federal Reserve chairman, Jerome Powell, May 1, 2024. AP/Susan Walsh, file

The ‘Cruel Hoax’ of the Fed’s Jobs Mandate | The New York Sun