Re:U.S. Lost 32,000 Private-Sector Jobs in September, Says P...
by chb on Wednesday October 01, 2025 @04:37PM
(#45443161)
An astute and accurate observation. However, there is no numeric target set in the mandate you allude to:
"The Federal Reserve was created by Congress in 1913 to provide the nation with a safer, more
flexible, and more stable monetary and financial system. In 1977, Congress amended the Federal
Reserve Act (FRA) to provide greater clarity about the goals of monetary policy. The amended FRA
directs the Board of Governors and the FOMC to conduct monetary policy “so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” [https://www.federalreserve.gov/aboutthefed/files/the-fed-exp...]
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