On the recordJuly 12, 2017
Congress set forth the mandate for monetary policy in the Federal Reserve Act, which directs the Federal Reserve Board to conduct monetary policy so as to promote maximum employment and stable prices.
Source
congress.govJanet Yellen: “Congress set forth the mandate for monetary policy in the Federal Reserve Act, which directs the Federal Reserve Board…”
Editor's note · Context
Yellen emphasizes the importance of the Federal Reserve's dual mandate for employment and price stability.
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