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What kind of adjustment will maintain stable prices?
A decade ago, such a public fessing-up for failing to maintain stable prices seemed likely to happen quite frequently, given the past volatility of inflation.
My main concern is that it is especially hard to understand the rate rise,given that the Fed has a dual mandate – to maintain stable prices and to maximise employment.
In a speech on Sunday, President Hu Jintao of China urged local governments to maintain stable prices for vegetables and other perishables, which suffered particular losses during the storms.
Mr. Richardson's trip was part of his effort to persuade members of the Organization of Petroleum Exporting Countries cartel to lower oil prices and adhere to schedules that will help maintain stable prices.
Still, many conservative economists, and even some people inside the Fed, have been arguing against a resumption of quantitative easing on the grounds that it would undermine the central bank's ability to maintain stable prices.
Similar(41)
Norges Bank, whose mandate is to maintain stable price increases, trimmed its benchmark deposit rate a quarter percentage point to an all-time low of 2percentt, putting it in line with the main rate of the European Central Bank for the first time.
The Fed is charged by Congress with minimizing unemployment and maintaining stable prices.
The Fed has developed a policy of seeking to maintain inflation — the growth of prices and wages — at an annual rate of roughly 2 percent as the best way to meet its legal objectives of maintaining stable prices and maximizing employment.
Instead, it now hopes to maintain stable (read: high) prices by raising overall demand through aggressive marketing.
To maintain stable and high prices, the federation stockpiles every drop its members produce beyond their quota.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com