Fed Official: Labor Force Reshaping
Press release from the issuing company
Monday, August 2nd, 2010
The nation’s central bank can try to stoke economic growth or chill it, effectively toss trillions of dollars into the economy or remove them, make borrowing cheap or make it unaffordable.
Yet for the moment, the Federal Reserve sits at a crossroads, sniffing the wind and waiting.
Granted power to make monetary policy for the $14.6 trillion-a-year U.S. economy, the Federal Reserve has a sometimes contradictory set of missions: to keep prices relatively stable, to support the financial system and to maximize employment.
