[beams_of_light]

That's an odd, fundamentally disconnected mechanism that, I think, would have devastating impacts for Main St.

[no_wizard]

and it does, and has for many decades. This dual mandate makes little sense in practice

[dragonwriter]

The dual mandate makes plenty of sense when you realize that the Fed and monetary policy aren't intended to be the whole of economic policy, and that the actual main piece of economic policy is with Congress and fiscal policy.