The Humphrey-Hawkins Full Employment Act mandates that the Fed implement monetary policies that will promote economic growth accompanied by high employment, stable prices, and moderate long-term interest rates. Why, then, do politicians rail against the Fed when it pursues contractionary monetary policy to promote price stability?

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The Answer of The Humphrey-Hawkins Full Employment Act mandates that the Fed implement monetary policies that will promote economic growth accompanied by high employment, stable prices, and moderate long-term interest rates. Why, then, do politicians rail against the Fed when it pursues contractionary monetary policy to promote price stability?

The Humphrey-Hawkins Full Employment Act Mandates That the Fed Implement