Since the late 1970s, the Federal Reserve has had two main jobs: ensuring stable prices and maximum employment. How often does it achieve both at the same time?
President Trump is expected to announce who he’s nominating for chair of the Federal Reserve tomorrow. Current Chair Janet Yellen’s term ends in February. One thing will stay the same after Yellen leaves: the Fed’s dual mandate of balancing inflation and unemployment. Click the audio player above to hear the full story.