Hawkins Full Employment Act and Federal Reserve Act that govern its behavior.

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The bill would repeal the Humphrey-Hawkins Full Employment Act of 1978, which, among other things, required the Fed to consider how its actions affect short-term economic growth.

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This shift was codified by the Employment Act of 1946 and, later, the Humphrey-Hawkins Full Employment and Balanced Growth Act of 1978.

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The Humphrey Hawkins Act of 1978 made the Federal Reserve responsible for creating the monetary means to achieve full employment while maintaining price stability.

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