The mandate for the monetary policy goals that has been given to the federal reserve system is an example of a <u>dual </u>mandate.
The Federal Reserve Act mandates that the Federal Reserve conduct economic policy "if you want to sell efficiently the dreams of most employment, stable expenses, and mild long-time period hobby quotes."1 even though the act lists 3 wonderful dreams of monetary coverage, the Fed's mandate for financial coverage is not unusual.
The goals of monetary policy are to sell most employment, solid expenses, and mild lengthy-time period interest costs. by way of enforcing powerful monetary coverage, the Fed can hold strong prices, thereby helping conditions for lengthy-term monetary increase and maximum employment.
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