Since the Federal Reserve began taking a more active role in regulating aggregate demand during World War II, it has lowered its price stability aim and shifted its emphasis toward employment and higher inflation.
US stocks jumped again Thursday after the Federal Reserve announced its latest effort to shore up the nation’s coronavirus-battered economy. The Dow Jones industrial average rose as much as 561.45 points, or about 2.4 percent, in early trading following the central bank’s announcement of a $2.3 trillion loan program to help households, employers and local …
Since the Federal Reserve began taking a more active role in regulating aggregate demand during World War II, it has lowered its price stability aim and shifted its emphasis toward employment and higher inflation.
