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Pence Bill Would Strip Fed of "Maximum Employment" Mandate

November 18, 2010 - by Donny Shaw

Since 1977, the Federal Reserve has operated on a dual mandate -- promoting maximum employment and protecting price stability. Some Republicans in Congress are moving to strip the Fed of its unemployment mandate and leave them single-mindedly focused on stopping inflation.

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Bob Corker Mike Pence QEII Federal Reserve unemployment
 

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