Walsh: Two aspects of the Fed's dual mission do not conflict

On July 14, Federal Reserve Chairman Walsh elaborated on his views on the economy. Walsh said the economy is solid and financial markets appear to be doing well, but the real estate market is uneven, in part because inflation has been above the Fed's target. He said the Fed could alleviate the problem by maintaining price stability. When talking about areas such as artificial intelligence, Walsh said: "We are not afraid of growth driven by increased productivity." "The labor market has shown amazing resilience," Walsh pointed out. He said that the Fed will focus on both the two major goals of price stability and full employment. These two missions do not conflict. The better the Fed does in controlling inflation, the more willing employers will be to hire employees. "We still have work to do on inflation," he said.