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A comment on US Gross Domestic Product, Second Quarter 2022 (Advance Estimate). Parent comment

Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by OscarCunningham on Thursday July 28, 2022 @12:41PM (#32266778)
> The Fed has no mandate to generate or maintain economic growth.

Correct. And yet they let inflation get this bad, so it seems like they're trying to avoid recessions even though they haven't been told to.

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Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by kube-system on Thursday July 28, 2022 @12:57PM (#32267014)
Or they believed it would be transitory and any action would upset longer term price and employment stability.
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Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by NovemberWhiskey on Thursday July 28, 2022 @01:03PM (#32267124)
You don't need to guess; you can go read the minutes of prior Fed meetings here:

https://www.federalreserve.gov/monetarypolicy/fomccalendars....

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