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They've regained solid control over inflation".
His first policy recommendation, his "unambiguous message," is that we must maintain control over inflation.
Republicans have criticized the Fed for its efforts to stimulate growth, fearing that it would lose control over inflation.
A central bank can lose control over inflation if the market has lost confidence in the sovereign and the bank is forced into buying government debt.
Such a shift could alter the mechanics of the Fed's eventual retreat from its long-running stimulus campaign, now aimed at maintaining control over inflation.
Some critics warn that the Fed's efforts will loosen its control over inflation, but those warnings so far have come to nothing.
Similar(47)
The reform appeared to be aimed at reasserting state control over the economy, curbing inflation and tackling corruption.
For one thing, the government retained control over the goal for inflation, confirmed this week by Gordon Brown, the chancellor of the exchequer, at 2.5% a year.
Rates have already climbed, Mr. Bockmann noted, and by raising short-term rates the Fed may have reassured the markets that it will keep control of inflation, expectations of which over the next decade or so largely determine rates for long-term mortgages.
Graduates are now applying hand over fist to teacher-training courses, as other jobs are scarce, but the bonanza will not long outlast the recession.The Conservatives also intend to tame grade inflation by giving control over exam-setting and -marking to universities, who have a natural interest in keeping results informative.
As it has when buying Greek bonds in the past, analysts say, the central bank will probably portray its interventions as a means to maintain control over interest rates and hold down inflation — not as a rescue of any particular country, which is forbidden by treaty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com