The FOMC has a deepening conflict with its ‘dual mandate.’ Let’s take a closer look at that now with our Chief Equity Strategist and Economist, John Blank.

1. What is the conflict exactly?

2. Is there a compromise available to the Fed?

3. Are there any secondary concerns to all of this?

4. Does the inflation rate factor into this at all?

5. Any impact on this from the current Iran conflict?

6. Does the FOMC have any thoughts on this?

7. Do you see them addressing this at their next meeting?

8. In light of this and given the state of uncertainty regarding our economy, what’s your Fed rate policy outlook?

9. Three large cap Zacks #1 (STRONG BUY) picks, that should keep trader’s interests include Chevron (CVX Quick QuoteCVX - Free Report) , HSBC Holdings plc (HSBC Quick QuoteHSBC - Free Report) and Advantest Corporation (ATEYY Quick QuoteATEYY - Free Report) .

Our Chief Equity Strategist and Economist, John Blank, on the Fed’s dual mandate conflict. With John, I’m Terry Ruffolo.