Fed's Evans says dual mandate serves United States well
TORONTO Nov 27 (Reuters) - The U.S. Federal Reserve's dual mandate to consider both inflation and employment when implementing policy has served the country well, Charles Evans, president of the Chicago Federal Reserve Bank, said on Tuesday.
"I think in the U.S. we are well served by the dual mandate because it gives us a better (ability) to sometimes act ahead of when the inflation forces are at work, when the economy is doing very poorly," he said after a speech in Toronto.
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Libya threatens to bomb North Korean tanker if it ships oil from rebel port