Quaxs-Jobs vs prices: the Fed's dueling mandates

2025-05-07 19:10:59source:Marc Leclerccategory:Stocks


The QuaxsFederal 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:Stocks

Recommend

South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment

SEOUL — South Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the count

Napheesa Collier matches WNBA scoring record as Lynx knock out Diana Taurasi and the Mercury

Diana Taurasi fouled out in the final two minutes of what could be the final game of her career as t

Climate change destroyed an Alaska village. Its residents are starting over in a new town

MERTARVIK, Alaska (AP) — Growing up along the banks of the Ninglick River in western Alaska, Ashley