Fed's Daly Calls Inflation a 'Corrosive Disease'

The transcript discusses the dual mandate of price stability and employment, emphasizing the current focus on inflation due to its impact on low and moderate income individuals. It highlights the decline in real wages and describes inflation as a corrosive force that erodes purchasing power, particularly affecting the less advantaged. The speaker argues for the importance of addressing inflation to support an inclusive economy.

What dual mandate is mentioned in the text, and why is it important?

How has inflation affected average real wages in the last two years according to the text?

What are the implications of falling real wages for workers as discussed in the text?

What does the speaker mean by inflation being a 'corrosive disease'?

In what ways does inflation disproportionately affect low and moderate-income individuals?