Sec. 2. Modification of the goals of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee
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/bill/115/hr/7095/ih/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2A of the Federal Reserve Act ( 12 U.S.C. 225a ) is amended— by striking The Board of Governors and inserting ; —The Board of Governors shall
(a)In general. by striking stable prices and inserting a stable rate of inflation ; and by inserting at the end the following: In this section, the term maximum employment means a labor market in the United States in which— job seekers can find work; involuntary part-time work is at a minimum; median wages are rising with worker productivity; and disparities in rates of unemployment and pay between and among racial, gender, urban, rural, and other demographic groups have reached their lowest practicable level. .
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Sec. 2
Modification of the goals of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee
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