> The Fed has no mandate to generate or maintain economic growth. Correct. And y... | Hacker News

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OscarCunningham on July 28, 2022 | parent | context | favorite | on: US Gross Domestic Product, Second Quarter 2022 (Ad...

> The Fed has no mandate to generate or maintain economic growth.

Correct. And yet they let inflation get this bad, so it seems like they're trying to avoid recessions even though they haven't been told to.

kube-system on July 28, 2022 [–]

Or they believed it would be transitory and any action would upset longer term price and employment stability.

NovemberWhiskey on July 28, 2022 | [–]

You don't need to guess; you can go read the minutes of prior Fed meetings here:

https://www.federalreserve.gov/monetarypolicy/fomccalendars....

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