It should be remembered that from 1913 to 1977, the Fed had only one objective to pursue, i. e. price stability.

应该记住的是，1913至1977年，美联储只有一个目标的追求，即价格稳定。

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In other words, instead of setting a date for interest rates to go up and easy monetary conditions to tighten, they would seek to tie those decisions to variables that reflect their dual mandate (i.e. price stability and full employment).

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