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The Singularity of the Dual Mandate

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  • Mary C. Daly

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.

Suggested Citation

  • Mary C. Daly, 2022. "The Singularity of the Dual Mandate," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(27), pages 1-8, October.
    • Handle: RePEc:fip:fedfel:94861
    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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    References listed on IDEAS

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