Since the Federal Reserve Banking Act of 1978,what has been the Fed's chief responsibility?
A) Encouraging investment
B) Regulating foreign trade
C) Minimizing the interest payments on the national debt
D) Achieving a low and stable rate of inflation
E) Keeping the interest rate low.

Question

Quizplus · Accepted Answer

Since the Federal Reserve Banking Act of 1978, the Fed's chief responsibility has been to achieve a low and stable rate of inflation. It's called the dual mandate, which is to promote maximum employment and price stability. Maintaining a low and stable rate of inflation is essential for the well-being and growth of the economy.

Since the Federal Reserve Banking Act of 1978,what Has Been