There is evidence that the Federal Reserve had a goal for GDP growth that was too high during the 1960s.

Name: There is evidence that the Federal Reserve had a goal for GDP growth that was too high during the 1960s.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

During the 1960s, the Federal Reserve aimed for high GDP growth to support government spending on social programs and the Vietnam War, but this goal contributed to inflationary pressures, indicating that their target may have been overly ambitious.

There Is Evidence That the Federal Reserve Had a Goal