The Fed's Secret: Two Goals, Not Three
Update: 2025-09-17
Description
Jerome Powell says the Fed's three mandates boil down to two: stable prices and maximum employment. He explains how these goals are interconnected, with long-term interest rates falling in line when the first two are managed effectively. Powell's comments reveal that the Fed primarily focuses on inflation and jobs when making policy decisions, offering insight into the central bank's strategy for maintaining a healthy economy.
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