Do you think the Fed should be given a clearer legislative mandate concerning

Do you think the fed should be given a clearer

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3) Do you think the Fed should be given a clearer legislative mandate concerningmacroeconomic goals? If so, what should it be? 4) Referring to the Case in Point on targeting, what difference does it make whether the target is the inflation rate of the past year or the expected inflation rate over the next year? Ans: No, it really makes lots of difference because what was the inflation target last year and how much it was achieved and achieving that much of inflation, how was the economy
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conditions. The reasons for not achieving the targeted inflations need to be understood and finally the same need to be addressed going forward. Considering the past year inflation rate, the inflation for the next year can be expected and accordingly the same need to be taken forward.
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