“Eliminate “full employment” from the Fed’s mandate, requiring it to focus on price stability alone.”
Citation: Project 2025, Section 4.4: Federal Reserve, Paul Winfree, page 772, first bulleted point
Context:
In a nutshell, eliminating the dual mandate and focusing only on price stability would likely result in more aggressive inflation control but at the cost of higher unemployment, slower economic growth, and reduced focus on job creation.
Full contextual analysis of Section 4.4: Federal Reserve here.
Section: Section 4.4: Federal Reserve