Bloomberg: Facebook Fortune Behind Push for Fed to Sharpen Focus on Jobs
The money behind the movement is aimed at influencing the Fed, which is tasked with promoting both maximum employment and stable inflation. Open Philanthropy Project hopes Fed Up will push policy makers to make the jobs side of that mandate their priority — especially when the next downturn strikes, said Alexander Berger, its program officer for U.S. policy … 'Fed Up is never going to be in a position to dictate the next monetary policy move — and they shouldn’t be — but they could provide the visible public support central bankers need to respond more effectively to the next recession,' Berger said.