The “other” mandate: What makes full employment hard to define, hard to reach

20/06/2024 15 min Temporada 6 Episodio 1
The “other” mandate: What makes full employment hard to define, hard to reach

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Episode Synopsis

“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.