U.S. Markets open in 5 hrs 21 mins

What Now as the US Fed Is Close to Meeting Its Targets?

Ricky Cove
What Now as the US Fed Is Close to Meeting Its Targets?

The Federal Reserve has two major mandates—to maximize employment and maintain stable prices. There are no predefined levels for employment or prices, but the benchmark for employment has been an unemployment rate below 4.0%. The Fed set an inflation (TIP) target of 2.0% under the chairmanship of Ben Bernanke at the beginning of 2012.