Journal Article

The Singularity of the Dual Mandate

Abstract: Economic security depends on both jobs and stable prices. Together, these two congressionally mandated goals constitute the Fed’s dual mandate. This mandate is not a choice between two desirable things. It is a balance meant to deliver on a singular goal—a sustainable and expanding economy that works for everyone.

Keywords: jobs; price stability; dual mandate;

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Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2022-10-03

Volume: 2022

Issue: 27

Pages: 8

Note: The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco at Boise State University on September 29.

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