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Friday, 15 February 2013

Difference between Fed and ECB

Difference between Fed and ECB

The Fed's mandate is "to promote sustainable growth, high levels of employment, stability of prices to help preserve the purchasing power of the dollar and moderate long-term interest rates." The ECB has no mandate to promote high levels of employment. The result is very real with 29 million unemployed in Europe.


Nicolaas Smith

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