Walsh: Two aspects of the Federal Reserve's dual mission are not in conflict

On 14 July, Federal Reserve Chairman Walsh presented his views on the economy. Walsh stated that while the economy was sound and the financial markets seemed to be working well, the real estate market was mixed, partly because inflation had been consistently above the Federal Reserve ' s target level. He said that the Fed could alleviate the problem by maintaining price stability. When it comes to areas such as artificial intelligence, Walsh says, “We are not afraid of growth driven by increased productivity.” Walsh says, “The labour market has shown remarkable resilience.” He stated that the Fed would focus on the twin goals of price stability and full employment, which were not conflicting, and that the better the Fed did in terms of inflation, the more employers would be willing to recruit. “We have work to do on inflation”, he said。