Mission Creep at the Federal Reserve.

Rouanet, L., & Salter, A. W. (2025). Mission Creep at the Federal Reserve. Southern Economic Journal, 91(4), 1323-1346.

Type

Journal article

Intellectual base

Primary research

Year

2025

Volume

91

Issue

4

Pages

1323-1346

DOI

10.1002/soej.12738

DOI registrant

Wiley

Link

https://doi.org/10.1002/soej.12738

Cited from

organizational_management

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Objective Creep
  • In public policy, a program scoped to one risk accumulates adjacent risks, becoming a comprehensive regime whose original focus is lost in the breadth.

    This sourceDocuments how a public institution accumulates objectives (credit allocation, inequality, climate) beyond its original mandate, with mission creep intensifying since 2008 — the single-mandate-program-expanding-into-a-comprehensive-regime case in public policy and the basis for periodic mandate review against the founding charter.

    Supported in partVerified against the work's full text

    The paper documents one institution, the Federal Reserve, accumulating objectives beyond its original mandate; it does not state the general pattern of risk-scoped programs becoming comprehensive regimes.

    “Because of these ambiguities, the Fed has been pressured to expand its goals beyond what was specified in its mandate and, in some cases, initiated such expansions on its own.”

    Read by an automated reader; not a human review. How support was checked

Verification

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