2  BIS central bankers’ speeches  Committee’s two objectives of maximum employment and price stability are complementary. When they are not, the FOMC has stated that it will pursue a balanced approach in the pursuit of its dual mandate, working to ensure that both inflation and employment are close to their desired values in the longer term.
In short, the Federal Reserve, like many central banks around the world, has made significant progress in recent years in clarifying its goals and policy approach, and in providing regular information about the future path of policy that it views as most likely to attain its objectives.