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Cook: The Evolution of the Federal Reserve’s Employment Mandate

From federalreserve.gov

Thank you. I am rarely at a loss for words, as my friends, family, and colleagues know all too well.1 But I do find it a little hard to express everything I am feeling, to be given the Louis E. Martin Great American Award in honor of a truly great American who did so much to make ours a more perfect union. Tough to find the words, but I will try. Louis Martin did not lack for words. He was prolific, writing and publishing millions of words in newspapers as a key figure in the heyday of Black publishing in the 1950s and 1960s. There were also the words, and I would love to know what they were, that he spoke to the ... (full story)

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