Interesting fact: adding the unemployment part of the dual mandate came after the recession of &#x27;73-&#x27;75 which saw unemployment hit 9%. Originally, the Fed&#x27;s only mandate was to keep prices stable.<p>[1] <a href="https:&#x2F;&#x2F;www.chicagofed.org&#x2F;publications&#x2F;speeches&#x2F;our-dual-mandate" rel="nofollow">https:&#x2F;&#x2F;www.chicagofed.org&#x2F;publications&#x2F;speeches&#x2F;our-dual-ma...</a><p>[2] <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;1973%E2%80%9375_recession" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;1973%E2%80%9375_recession</a>