dual mandate

Language: en

📖 Definitions

  1. A policy objective or legal requirement that assigns two distinct goals to an institution or official, most commonly referring to the Federal Reserve's mandate to promote maximum employment and stable prices.; Any situation where a person, organization, or system is required to fulfill two separate and often competing responsibilities simultaneously.

💬 Examples

  1. The Fed remains committed to its dual mandate of maximum employment and price stability.

  2. The CEO faced a dual mandate to increase shareholder profits while maintaining ethical labor practices.