Fed's Evans says dual mandate serves United States well
TORONTO (Reuters) - The U.S. Federal Reserve's dual mandate to consider both inflation and employment when implementing policy has served the country well, Charles Evans, president of the Chicago Federal Reserve Bank, said on Tuesday.
"I think in the U.S. we are well served by the dual mandate because it gives us a better (ability) to sometimes act ahead of when the inflation forces are at work, when the economy is doing very poorly," he said after a speech in Toronto.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.