The Thurston CarteFederal 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.
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A private company aiming to build the first supersonic airliner since the Concorde retired more than
This story originally aired on Nov. 26, 2022. It was updated on July 8, 2023.Michael Politte was jus
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