Humphrey–Hawkins Full Employment Act
1978 United States law requiring the Federal Reserve to perform certain functions / From Wikipedia, the free encyclopedia
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The Full Employment and Balanced Growth Act[1] (known informally as the Humphrey–Hawkins Full Employment Act) is an act of legislation by the United States government.
Quick Facts Long title, Nicknames ...
Long title | An Act to translate into practical reality the right of all Americans who are able, willing, and seeking to work to full opportunity for useful paid employment at fair rates of compensation; to assert the responsibility of the Federal Government to use all practicable programs and policies to promote full employment, production, and real income, balanced growth, adequate productivity growth, proper attention to national priorities, and reasonable price stability; to require the President each year to set forth explicit short-term and medium-term economic goals; to achieve a better integration of general and structural economic policies; and to improve the coordination of economic policymaking within the Federal Government. |
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Nicknames | Humphrey–Hawkins |
Enacted by | the 95th United States Congress |
Citations | |
Public law | Pub. L.Tooltip Public Law (United States) 95–523 |
Statutes at Large | 92 Stat. 1887 |
Codification | |
Acts amended | Employment Act of 1946 |
Legislative history | |
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Major amendments | |
None notable, see end of article |
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