Journal Article

Must the Fed fight growth?


Abstract: A response by the Cleveland Federal Reserve Bank President Jerry L. Jordan to critics who assert that the central bank intentionally slows the real growth of the economy in order to keep wage and price pressures in check. Jordan asserts that stabilizing the purchasing power of money is the best way to enhance real growth in the long run.

Keywords: Monetary policy - United States;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1994

Issue: Jul

Order Number: 2