Toddsterpatriot
Diamond Member
not sure what the details are or if anybody actually got fired.they lose their jobsOhhh, what kind of penalties?
All of them?
A mechanism for holding the Reserve Bank Governor accountable was written into the Act by (1) making the Governor directly responsible for the conduct of monetary policy, and (2) allowing for the Governor’s dismissal if the goals established in the PTA are not met.
This structure makes responsibility clear: The Governor, and not a committee such as the FOMC, is responsible for policy decisions, and success or failure to fulfill the goals of the PTA are transparent–the inflation rate as measured by the CPI is frequently available and widely publicized.
The realize that the Fed doesn't have absolute control over interest rates or inflation, right?
You don't know the details of the Fed not having absolute control over interest rates or inflation?