According to the official website for the Federal Reserve, "the Federal Reserve sets the nation's monetary policy to promote the objectives of maximum employment, stable prices, and moderate long-term interest rates. The challenge for policy makers is that tensions among the goals can arise in the short run and that information about the economy becomes available only with a lag and may be imperfect... displayed 300 characters
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The challenge for policy makers is that tensions among the goals can arise in the short run and that information about the economy becomes available only with a lag and may be imperfect." (Anonymous 2005) Thus adjustments made to stabilize or regulate the economy slowly impact the economy and there may even be resulting readjustments necessary in order to meet the intended goal... displayed 300 characters
