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Quote by Lisa D. Cook
Bringing inflation back to target, first and most importantly, is critical to achieving the dual mandate that Congress assigned to the Fed.
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The speaker says that bringing inflation back to its intended target must come first. In their view, doing so is essential for the Fed to carry out the two-part responsibility Congress gave it. The sentence presents stable inflation as the foundation for fulfilling that broader public duty.
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- Board of Governors of the Federal Reserve System
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- Speech
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