The Singularity of the Dual Mandate

Mary Daly

FRBSF Economic Letter, 2022, vol. 2022, issue 27, 8

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 (search for similar items in EconPapers)
Date: 2022
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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