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![MelMattison1 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1625520680304365568.png) Mel Mattison [@MelMattison1](/creator/twitter/MelMattison1) on x 12.8K followers
Created: 2025-07-28 17:34:48 UTC

First, one has to understand the primary purpose of a central bank. While the so-called dual mandate of price stability/employment has dominated recent conversation, that is not why central banks were created, nor is it the Fed’s only mandate. Moderate long-term interest rates are a co-equal part of its mandate.

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**Related Topics**
[longterm](/topic/longterm)

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