Related link(s): http://www.richmondfed.org/publications/research/region_focus/2009/spring/interview_weblinks.cfm

Related links:> http://www.richmondfed.org/publications/research/region_focus/2010/q3/interview_weblinks.cfm>

Full interview:> http://www.richmondfed.org/publications/research/region_focus/2010/q2/full_interview.cfm

There has been a longstanding debate in the United States about how to assist low-income families. The Earned Income Tax Credit (EITC) is designed to augment income while encouraging work: The tax credit increases with earnings for low levels of household income, but declines and ultimately is...

Since 1977, the Federal Reserve has operated under a mandate from Congress to "promote effectively the goals of maximum employment, stable prices, and moderate long term interest rates" — what is now commonly referred to as the Fed's "dual mandate." The idea that the Fed should pursue multiple...