Why ‘Maximum Employment’ Feels Impossible

A discussion about why the Fed does not always want everyone who wants a job to have one, and what that means for inflation.

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The Federal Reserve has a dual mandate to both promote maximum employment and keep prices stable. Yet, the central bank cannot influence employment directly and it is notoriously hard to measure. Watch the video above to learn why the Fed does not always want everyone who wants a job to have one, and what that means for inflation.

Video Length: 00:09:17


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