Federal Reserve abandons monetary targeting

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• Princes of the Yen whole source · open book

  Eventually, it capitulated: In 1982 it abandoned M1 targeting and in 1987 targeting altogether, as it felt that it could not control both the price of money (interest rates) and its quantity at the same time.

  chapter: 12. At the Trigger of the Gun

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• Richard Werner author of the source

Appears in 2 stories

• Paper money, central banks, and credit creation step 30
• Princes of the Yen: Japan built, bubbled, and broken step 150

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