Originally Posted by
Phudnik
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.
I am not a fan of the Fed's policy in the last decade, but they have little to do with employment. congress continually meddling has much more impact here.