The central bank's chief mandate is to contain prices.
The Fed could rely on the deflationary impulse from abroad to contain price pressures.
But it is still worth considering ideas to contain prices, and perhaps even lower them.
And they credit federal price controls, which an independent federal agency imposed after resisting the measure for months, with helping to contain prices as well.
Furthermore, there are still serious headwinds facing the housing market that are likely to limit the upside for activity and contain prices".
First, by offering a preferential rate for imports deemed essential, the GBRV is hoping to contain price increases in basic goods.
Washington can also press the Saudis, who control virtually all of the world's spare capacity, to keep their output high to contain prices.
But Mr. Walker said China cannot hope to contain price pressures when interest rates are below the inflation rate, even if it lets the currency rise faster.
The bank began buying bonds on the open market in May 2010, initially to help contain prices of Greek, Portuguese and Irish bonds.
And last year it began its own chartered pilgrimage flight service to help contain prices and overcome the spiritual limitations of "modern-day travel, which tends to torpedo people from one place to another," Father Atuire said.
