Why Hike?

Tom Barkin

Speech from Federal Reserve Bank of Richmond

Abstract: : The Federal Reserve has a dual mandate from Congress: price stability and maximum employment. The FOMC weighs each as we make our decisions. The risks to inflation outweigh the risks to maximum employment. That’s why we raised rates.

Keywords: business cycles; economic growth; inflation; monetary policy (search for similar items in EconPapers)
Date: 2026-09-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:r00034:103800

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