That quote about maximum employment, stable prices, and moderate interest rates caught my eye. For years people have spoken about the Fed's 'dual mandate'. That

That quote about maximum employment, stable prices, and moderate interest rates caught my eye. For years people have spoken about the Fed's 'dual mandate'. That third part about moderate interest rates seems to be fictionalized. The Fed branches still call it a dual mandate. https://www.chicagofed.org/research/dual-mandate/dual-mandate https://www.chicagofed.org/research/dual-mandate/dual-mandat... '... to foster economic conditions that achieve both stable prices and maximum sustainable employment.'