--- title: "Meaning & Key Takeaway of: For risk management reasons, we need to…" description: "\"For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.\" — Charles L. Evans" image: "https://sms4smile.com/quotes/i/50f/charles-l-evans-27670_goals_for-risk-management-reasons-we-need-to-m_1565007.jpg" --- # For risk management reasons, we need to make sure we hit… ![“For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.” quote by Charles L. Evans](https://sms4smile.com/quotes/i/50f/charles-l-evans-27670_goals_for-risk-management-reasons-we-need-to-m_1565007.jpg) [Download](https://sms4smile.com/quotes/i/50f/charles-l-evans-27670_goals_for-risk-management-reasons-we-need-to-m_1565007.jpg) [Open image](https://sms4smile.com/quotes/i/50f/charles-l-evans-27670_goals_for-risk-management-reasons-we-need-to-m_1565007.jpg) > “For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.” [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Balancing inflation control with full employment is essential for stable economic growth. **In simple terms:** Control inflation while keeping jobs. Key Takeaway Coordinate policy to hit both targets. Themes macroeconomics inflation employment policy stability Mood cautious analytical Type economic policy When to use this quote - central bank meetings - budget planning - business strategy - labor market analysis Key Concepts monetary policy dual mandate trade‑offs Questions to Reflect On - How can policymakers prioritize when goals conflict? - What tools help balance inflation and employment? A Different Perspective Achieving both goals may require compromising on one target during shocks. ★ ★ ★ ★ ★ No ratings yet [Goals](https://sms4smile.com/quotes/about/goals/) [Hit Inflation](https://sms4smile.com/quotes/about/hit-inflation-5879062/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Inflation Objective](https://sms4smile.com/quotes/about/inflation-objective-1028668/) [Management](https://sms4smile.com/quotes/about/management/) [Management Reasons](https://sms4smile.com/quotes/about/management-reasons-2912248/) [Risk](https://sms4smile.com/quotes/about/risk/) [Risk management](https://sms4smile.com/quotes/about/risk-management/) [Same](https://sms4smile.com/quotes/about/same/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [If we were to underrun our inflation objective over a period of time that we tried to increase interest rates, I think that would…](https://sms4smile.com/quotes/charles-l-evans/if-we-were-to-underrun-our-inflation-objective-over-a-period-of-time/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.](https://sms4smile.com/quotes/charles-l-evans/it-s-a-challenge-for-monetary-policy-to-communicate-that-our/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [Leadership is different from management, but not for the reasons most people think.](https://sms4smile.com/quotes/john-p-kotter/leadership-is-different-from-management-but-not-for-the-reasons-most/) [John P. Kotter](https://sms4smile.com/quotes/author/john-p-kotter/) > [“management has no more critical role than to motivate and engage large numbers of people to work together toward a common goal. Defining and…](https://sms4smile.com/quotes/jeffrey-k-liker/management-has-no-more-critical-role-than-to-motivate-and-engage/) [Jeffrey K. 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In addition, the firm's risk management capabilities…](https://sms4smile.com/quotes/jerome-powell/alignment-of-business-strategy-and-risk-appetite-should-minimize-the/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in…](https://sms4smile.com/quotes/niall-ferguson/i-think-the-rise-of-quantitative-econometrics-and-a-highly/) [Niall Ferguson](https://sms4smile.com/quotes/author/niall-ferguson/) > [“We have no idea, now, of who or what the inhabitants of our future might be. In that sense, we have no future. Not…](https://sms4smile.com/quotes/william-gibson/we-have-no-idea-now-of-who-or-what-the-inhabitants-of-our-future/) [William Gibson](https://sms4smile.com/quotes/author/william-gibson/) ## More by Charles L. Evans > [It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.](https://sms4smile.com/quotes/charles-l-evans/it-s-a-challenge-for-monetary-policy-to-communicate-that-our/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [If the national economy improves, Chicago will improve.](https://sms4smile.com/quotes/charles-l-evans/if-the-national-economy-improves-chicago-will-improve/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [In a world of global competition and new technology, I think competition is coming from new places.](https://sms4smile.com/quotes/charles-l-evans/in-a-world-of-global-competition-and-new-technology-i-think/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [If you look around the world and see all the different countries struggling to get away from very low inflation rates with economies not…](https://sms4smile.com/quotes/charles-l-evans/if-you-look-around-the-world-and-see-all-the-different-countries/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [I often will state things strongly if I think that it's important.](https://sms4smile.com/quotes/charles-l-evans/i-often-will-state-things-strongly-if-i-think-that-it-s-important/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving…](https://sms4smile.com/quotes/charles-l-evans/there-is-nobody-who-would-want-in-any-way-to-lose-what-paul-volcker/) [Charles L. 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Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [Central bankers tend to be conservative by nature.](https://sms4smile.com/quotes/charles-l-evans/central-bankers-tend-to-be-conservative-by-nature/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But…](https://sms4smile.com/quotes/charles-l-evans/i-think-that-sharing-information-about-our-economies-the-way-that-the/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to…](https://sms4smile.com/quotes/charles-l-evans/paul-volcker-is-a-tremendous-hero-with-the-federal-reserve-system-and/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.](https://sms4smile.com/quotes/charles-l-evans/i-believe-that-the-history-of-fed-policymaking-is-that-you-know-there/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [For every company that sees the value of their capital go up, there's another company that has been disrupted, and the value of their…](https://sms4smile.com/quotes/charles-l-evans/for-every-company-that-sees-the-value-of-their-capital-go-up-there-s/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up.](https://sms4smile.com/quotes/charles-l-evans/during-the-slow-recovery-after-the-great-recession-inflation-was-very/) [Charles L. 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