SPDR S&P 500 (SPY)

[Windbag1014]

Who knows what goes on over conversations on Jerome's porch but...

https://www.investopedia.com/articles/investing/100715/breaking-down-federal-reserves-dual-mandate.asp#:~:text=%20Key%20Takeaways%20%201%20The%20Federal%20Reserve%27s,and%20moderate%20long-term%20interest%20rates%20are...%20More%20

The Bottom Line
Whether it is a triple, dual or single mandate, the primary aim of the Federal Reserve is to create a stable monetary environment. To achieve this, the Fed has deemed that targeting inflation (by keeping it at a low and stable rate of near 2%) is the best way to achieve such stability.2 So all the fuss about changing interest rates is really all about keeping prices stable in order to foster economic growth and promote maximum employment.