How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’
- Written by Arabinda Basistha, Associate Professor of Economics, West Virginia University
Home borrowing costs, like other long-term rates, are not directly controlled by the Fed – but they still feel its influence.athima tongloom/Moment via Getty ImagesWhat’s the point of monetary policy?
For most of us, the main impact tends to be how much we have to pay to borrow to buy a house or car. But for the Federal Reserve, the...