You're right and it is, for example, captured in the Fed's double mandate of price stability and maximum employment: https://www.stlouisfed.org/in-plain-english

You're right and it is, for example, captured in the Fed's double mandate of price stability and maximum employment: https://www.stlouisfed.org/in-plain-english/the-fed-and-the-dual-mandate https://www.stlouisfed.org/in-plain-english/the-fed-and-the-...