Fed's Waller Says On 'Hall Of Mirrors' Problem, Fed Should Focus On The Economy, Not Financial Markets; 'Our Mandate Is Price Stability, Full Employment, Not Financial Conditions'
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Why It Matters
A Federal Reserve official reminded people that the Fed focuses on keeping prices stable and people employed — not on making stock prices go up or down. This matters because it tells us the Fed makes decisions based on the economy's real health, not stock market feelings.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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