Should the Fed handle jobs, or manage inflation?

[Matt Collins]

It looks like some politicians are having a "fake fight" with the Fed to restrict it's purview to just "managing inflation" instead of job creation ha ha ha ha.


Please take a look at this and drop a comment for some hometown support:
http://politics.nashvillepost.com/2011/03/03/the-job-is-handling-inflation-not-jobs/

[Zippyjuan]

If you target inflation, the economy is allowed to sort itself out. Businesses like a stable rate of inflation- it makes planning for the future easier. If the future rate of inflation is unknown they will be less willing to make investments in future production. They hate uncertainty.

[Teaser Rate]

If you target inflation, the economy is allowed to sort itself out. Businesses like a stable rate of inflation- it makes planning for the future easier. If the future rate of inflation is unknown they will be less willing to make investments in future production. They hate uncertainty.

You write in a sentence what it takes me a full page to explain.

[eduardo89]

Neither, the Fed's tinkering just distorts the market and makes things worse.

[erowe1]

I don't think it's a fake fight. I think narrowing its scope to fighting inflation only and removing concern for jobs from it would be a good thing.