For that matter, it is fair to ask whether the Fed should be promoting inflation at all, given its dual mandate of price stability and full employment.
Just wait and see, they asked the general public, telling them that as time passes, both unemployment and output would move back to levels at or around those consistent with their dual mandate of price stability and maximum employment.
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We will calibrate the timing and pace of any future tightening, together with the mix of tools to best foster our dual objectives of maximum employment and price stability.
The best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.
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Thus, the Federal Reserve, responding to a dual mandate of fostering full employment and price stability, is forced to act.
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In the specific case of the Federal Reserve, its dual mandate requires it to focus on price stability and maximum employment.
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Perhaps it is because the Fed must comply with the dual mandate and pay attention to both price stability and full employment.
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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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With QE4, the Fed is tilting its dual mandate toward reducing unemployment while allowing its price stability target to drift upward.
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Uswitch calculated figures for the BBC showing the difference between the average standard plans (payment on receipt) and the average online price among suppliers in the UK for dual-fuel gas and electricity bills.
The Fed has an explicit dual mandate to target both inflation and output while the ECB has price stability as its primary goal.
Comedy offers a dual advantage that genres like reality and drama do not: a cheaper price tag and the ability to repeat in syndication. (The genre's stand-alone 30-minute episodes--22 minutes without commercials--seem almost tailor-made for the otherwise distracting pre-dinner or pre-bed syndication blocks.) Though the latter is hardly the lucrative revenue stream it once was due to increased entertainment options, ailing advertisers and narrower fare, it can still deliver many millions--in some cases billions.
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