The first formal acknowledgement of the primary macroeconomic goals of price stability, high employment, and promoting economic growth in the United States came with passage of the:

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The Employment Act of 1946 was the first formal acknowledgement of the primary macroeconomic goals of price stability, high employment, and promoting economic growth in the United States. The act created the Council of Economic Advisers, whose job was to provide the President of the United States with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. The act also established the Joint Economic Committee of Congress, which was tasked with reviewing and evaluating economic conditions and recommending changes to economic policy to promote economic growth and stability.

The First Formal Acknowledgement of the Primary Macroeconomic Goals of Price