The Central Bank, Foreign Trade Deficit

1. It is impossible to generalize by making the statement that all central bank interventions are successful in achieving the goals of their respective governments. In fact, the statement is in some ways counterintuitive since at times the central bank may be at odds with the federal government over the appropriate policy to follow in order to control inflation and unemployment. It would be appropriate to suggest that the Bush Administration and the United States Congress is not dissatisfied with the work done in the last decade by the U.S. Federal Reserve Bank (the Fed) in its efforts to control growth while reducing inflation and unemployment to manageable and acceptable

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Category: Economics - T