Originally Posted by
Hartmann
The left thinks it is the job of the Fed to boost employment? What kind of wonder-dust do they think Bernanke has?
Again, IANAE, but I am told that the argument is that a "looser" monetary policy could encourage hiring by boosting output, at the risk of an uptick in inflation. Bernanke has testified that his goal is to prevent the latter rather than encourage the former.