Federal Reserve Board Chairmen Paul Volcker,as well as later Fed chairs,focused on which of the following as their main goal of monetary policy?

Question

Quizplus · Accepted Answer

Paul Volcker and other later Fed chairs aimed to prioritize price stability as their primary goal of monetary policy. This is often achieved through influencing interest rates and adjusting the money supply to combat inflation or deflation. While high employment and economic growth are important objectives for the Fed, they are often viewed as secondary to maintaining a stable price level. Additionally, while stability of financial markets is important, it is not necessarily the main focus of monetary policy.

Federal Reserve Board Chairmen Paul Volcker,as Well as Later Fed