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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
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’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 Images

What’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...

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