Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.

from Federal Open Market Committee – FOMC Statement for May 2013 Lyrics on Rap Genius

Meaning

As spelled out in the Federal Reserve Act,

The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.

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