The Fed's dual mandate, a duel between price stability and full employment : The Indicator from Planet Money The Federal Reserve has a dual mandate: keeping prices stable (and inflation low) and promoting "maximum employment." But sometimes, as the Fed attacks one goal, it can potentially hurt the other. It's a dueling dual mandate.

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

Jobs vs prices: the Fed's dueling mandates

Jobs vs prices: the Fed's dueling mandates

  • Download
  • <iframe src="https://www.npr.org/player/embed/1148895861/1148915158" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Stefani Reynolds/AFP via Getty Images
The US Federal Reserve building is seen past caution tape in Washington, DC, on September 19, 2022.
Stefani Reynolds/AFP via Getty Images


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.