14.) BIS central bankers’ speeches  3  accommodation, the Federal Reserve confronts a basic trade-off that can be framed without reference to its price stability mandate: a trade-off between short-term employment gains and the risk of larger longer-term employment losses.
Making monetary policy: responding to a mandate dashboard The FOMC’s dual mandate, as I’ve said, is to keep inflation at 2 percent or a bit under and to promote maximum employment – that is, to keep unemployment low. But how does the FOMC make its choices at each meeting so as to achieve these goals?