The world's oldest central bank may have to revise its policy-setting regime, provided that Sweden's prime minister pushes for giving it a Fed-like dual mandate. Prime Minister Stefan Loefven told Bloomberg that Riskbank might be better off with that dual mandate that includes an employment target.
"The U.S. Fed has a clearer such dual mandate and it works well there." It should be able to work here. Jobs are the most important thing and it’s good to keep focus on that in different ways."
Not that surprising to hear such comments from a former union boss who pledged to bring down Sweden’s unemployment rate to the lowest in the European Union by 2020, when he took office last year.