BiggerPockets Money Podcast · Friday, October 2, 2026
Jay Scott clarifies the Federal Reserve's core mission, stating it was established with two primary objectives: maintaining price stability and ensuring maximum employment. He emphasizes that these two goals are crucial for sustained economic growth in the nation and should therefore be a priority for individual investors and business owners.
“And we basically said the Federal Reserve exists for two reasons. One, price stability, And two, maximum employment, basically ensuring that the growth rate of the economy was nice and smooth and on an upwards trajectory.”
“And so I like to think that the reason that the Fed exists is because those are the two things that are most important when it comes to the economy, when it comes to Americans, when it comes to basically us as a nation economically continuing to grow.”
“So is that where you like to start is with what the Fed's doing? What is the Fed doing? Can you give us an update on what's been going on and how that's been impacting things?”