The statement addresses the challenges faced by the Federal Reserve in balancing its dual mandate of controlling inflation and maintaining employment. It highlights the internal disagreements among officials, reflecting the complexity of economic policy decisions.
- The statement does not cause harm and presents factual information about economic policy. [+1]Principle 1:I will strive to do no harm with my words and actions.
- It promotes understanding by explaining the difficulties of the dual mandate and the differing opinions within the Federal Reserve. [+1]Principle 3:I will use my words and actions to promote understanding, empathy, and compassion.
- The statement engages in constructive dialogue by discussing the implications of the Fed's decisions without personal attacks. [+1]Principle 4:I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.