H.R.6406 - To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment.

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  • Official: To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment. as introduced.

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  • Past Seven Days: 13
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Introduced
 
House
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Senate
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President
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11/15/10
 
 
 
 
 
 
 

Official Summary

11/16/2010--Introduced.Amends the Federal Reserve Act to repeal the joint mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to make maximum employment one of the goals of their duty to maintain long run growth of the monetary and credit a

Official Summary

11/16/2010--Introduced.Amends the Federal Reserve Act to repeal the joint mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to make maximum employment one of the goals of their duty to maintain long run growth of the monetary and credit aggregates commensurate with the U.S. economy's long run potential to increase production.

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Recent Blog Coverage

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12/16/10
¿Por qué tenemos un banco central?

El representante Mike Pence (Republicano de Indiana) ha propuesto una ley para enmendar la Ley de la Reserva Federal, acabar con el mandato doble y darle a la Fed un solo objetivo: mantener la estabilidad de precios (H.R. 6406). ...

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12/14/10
EE.UU.: ¿Por qué tenemos un banco central? | elcato.org

El representante Mike Pence (Republicano de Indiana) ha propuesto una ley para enmendar la Ley de la Reserva Federal, acabar con el mandato doble y darle a la Fed un solo objetivo: mantener la estabilidad de precios (H.R. 6406). ...

Source: elcato.org
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12/14/10
Why Do We Have a Central Bank?

Mike Pence (R., Ind.) has introduced a bill to amend the Federal Reserve Act to end the dual mandate and give the Fed one goal: maintaining price stability (H.R. 6406). The dual mandate is seen by many as giving the Fed an impossible ...

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