One of the Fed's ultimate targets is:

Question

Quizplus · Accepted Answer

The Federal Reserve aims for stable prices as one of its ultimate targets, which is part of its dual mandate to foster economic conditions that achieve both stable prices and maximum sustainable employment. The Fed funds rate and reserve requirements are tools used to achieve this target, not ultimate targets themselves. The Taylor rule is a guideline for setting interest rates that some suggest the Fed should follow, but it is not an ultimate target of the Fed.

One of the Fed's Ultimate Targets Is