Federal Reserve Updates Official Mission Statement
The Federal Reserve announced today that, after 111 years they are updating their mission statement. The original read: "The mission of the Board is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance." While informative, the language is dated, confusing and dry. Chairman Powel explained, "The new statement is writtent in plain language to help consumers more easily understand the role of the Federal reserve in the economy and their lives." The new mission statement reads:
"From each according to their gulability; To each according to their greed."
Cpt. Charisma
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2024-05-14 13:41:38
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npub12rc7gcvm4jqk5m8u4asn5t2m2qw5vdw7e640ug0dj97xdcj0dtlst0yztjPublished at
2024-05-14 13:41:38Event JSON
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"content": "Federal Reserve Updates Official Mission Statement\n\nThe Federal Reserve announced today that, after 111 years they are updating their mission statement. The original read: \"The mission of the Board is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance.\" While informative, the language is dated, confusing and dry. Chairman Powel explained, \"The new statement is writtent in plain language to help consumers more easily understand the role of the Federal reserve in the economy and their lives.\" The new mission statement reads:\n\n\"From each according to their gulability; To each according to their greed.\"",
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