In$2021,$ an article in the Wall Street Journal reported$$ "a continuing stretch of volatility in both bonds and$$ stocks." An opinion column in the Wall Street Journal noted$$ that, "Federal Reserve Chairman Jerome Powell used his congressional testimony Tuesday and Wednesday to calm the$[$stock$]$ market."

$$Source: Caitlin McCabe and Anna$$ Hirtenstein, "Stocks Drop after$$ Monday's Rally," Wall Street

Journal$,$

March$2,2021$; and James$$ Mackintosh, "Investors Worry the$$ Fed's Fast Driving Means$$ It'll Have to Hit the$$ Brakes," Wall Street

Journal$,$

February$28,2021.$

Is avoiding volatility in the bond and stock markets part of the$$ Fed's dual$$ mandate?

A$.$

$$No$,$ this is not part of the$$ Fed's dual mandate of price stability and high employment.

B$.$

$$No$,$ this is not part of the$$ Fed's dual mandate of economic growth and high employment.

C$.$

$$Yes$,$ this is part of the$$ Fed's dual mandate of price stability and stable financial markets.

D$.$

$$Yes$,$ this is part of the$$ Fed's dual mandate of price stability and high employment.

Part $2$