November 23, 2010 11:09AM 

# The Fed’s Impossible Mandate 

By [Caleb O. Brown](https://www.cato.org/people/caleb-o-brown) 

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The Federal Reserve’s longstanding statutory role is an impossible one, according to Cato Institute Senior Fellow [Gerald P. O’Driscoll, Jr.](https://www.cato.org/people/gerald-odriscoll), and it’s time for it to end. We discussed the “dual mandate” in today’s Cato Daily Podcast (Subscribe via [RSS](http://feeds.cato.org/CatoDailyPodcast) and [iTunes](http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=158961219)):

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