Rep. Brady plans to introduce bill to tighten Fed's focus

02/24/2012 | Reuters

Rep. Kevin Brady, R-Texas, plans to introduce legislation that would eliminate the Federal Reserve's mandate to promote maximum employment. Instead, the central bank would focus on battling inflation and protecting the value of the dollar. Brady said his bill is intended to "maintain the purchasing power of the dollar in order to foster long-term economic growth and stability."

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Reuters