Interesting fact: adding the unemployment part of the dual mandate came after the recession of '73-'75 which saw unemployment hit 9%. Originally, the Fed's only

Interesting fact: adding the unemployment part of the dual mandate came after the recession of '73-'75 which saw unemployment hit 9%. Originally, the Fed's only mandate was to keep prices stable. [1] https://www.chicagofed.org/publications/speeches/our-dual-mandate https://www.chicagofed.org/publications/speeches/our-dual-ma... [2] https://en.wikipedia.org/wiki/1973%E2%80%9375_recession https://en.wikipedia.org/wiki/1973%E2%80%9375_recession