Jobs vs prices: the Fed's dueling mandates

2024-12-25 21:35:21 source:lotradecoin rewardsystem category:Invest


The Federal Reserve has a dual mandate: keep prices stable (and inflation low) and promote "maximum employment." But sometimes, as the Fed attacks one goal, it can potentially hurt the other. It's a dueling dual mandate.

Today on the show, we call up Raphael Bostic, president of the Federal Reserve Bank of Atlanta, and ask about the origins of the dual mandate and what he thinks about the tension between the two.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Invest

Recommend

Luigi Mangione Case: Why McDonald's Employee Who Reported Him Might Not Get $60,000 Reward 

The McDonald’s employee who relayed Luigi Mangione’s location will not be lovin’ this outcome. After

South Korea, US and Japan hold first-ever trilateral aerial exercise in face of North Korean threats

SEOUL, South Korea (AP) — The South Korean, U.S. and Japanese militaries conducted their first-ever

GOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's zero evidence of wrongdoing.

House Republicans released bank records of President Biden's brother, James Biden, Friday, that they