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The “other” mandate: What makes full employment hard to define, hard to reach
Six Hundred Atlantic
English - June 20, 2024 18:28 - 15 minutes - 21.8 MB - ★★★★★ - 21 ratingsEducation Government federalreserve economic monetarypolicy newenglandeconomy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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“Full employment” is often overshadowed by the better-known half of the Fed’s dual mandate from Congress: “stable prices,” but both are equally important to the Fed. This overview defines full employment and looks at why some groups are struggling to reach it.