Federal Reserve Chairman Walsh said on Tuesday that he attaches the same importance to the Federal Reserve's employment target as its inflation target. Since taking over as chairman, he has repeatedly emphasized the latter. “None of the responsibilities you have given us has gone unheeded,” Walsh told the House Financial Services Committee. “Price stability and full employment are not an either/or relationship. I am committed to achieving both goals simultaneously.” When asked later if he would like to take targeted measures to close the gap between black and white people in terms of unemployment rates and employment opportunities, Walsh said, “America cannot afford to leave anyone behind. “Economic opportunities are critical to America's growth trajectory over the next five and ten years, which means every American needs opportunities to be productive.”

Federal Reserve Chairman Walsh said on Tuesday that he attaches the same importance to the Federal Reserve's employment target as its inflation target. Since taking over as chairman, he has repeatedly emphasized the latter. “None of the responsibilities you have given us has gone unheeded,” Walsh told the House Financial Services Committee. “Price stability and full employment are not an either/or relationship. I am committed to achieving both goals simultaneously.” When asked later if he would like to take targeted measures to close the gap between black and white people in terms of unemployment rates and employment opportunities, Walsh said, “America cannot afford to leave anyone behind. “Economic opportunities are critical to America's growth trajectory over the next five and ten years, which means every American needs opportunities to be productive.”