Phaninc|Jobs vs prices: the Fed's dueling mandates

2025-05-08 11:21:03source:Rubypoint Trading Centercategory:Finance


The PhanincFederal 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:Finance

Recommend

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

Country singer-songwriter Toby Keith, dies at 62

Toby Keith, the singer-songwriter behind the 1993 country hit "Should've Been a Cowboy," one of his

Less rain forecast but historic Southern California storm still threatens flooding and landslides

LOS ANGELES (AP) — Rainfall from one of the wettest storms in Southern California history was to eas