What kind of adjustment will maintain stable prices?
Then the depression set in and milk farmers, like so many other Americans, were unable to maintain stable prices by self-regulation.
The latest cut, to 6percentt, effective July 11, was made because the money supply was not expanding fast enough to maintain stable prices and "reasonable" growth, Mr. Johnson said.
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.
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.
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.
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.
As Mr Issing also said, this is a matter of more than public relations.The ECB's task is to maintain stable prices, which it defines as an annual inflation rate of no more than 2%.
The Fed has taken on extensive new powers in the past year which may not be healthy either for the financial system or for the Fed, whose principal duties are to maintain stable prices and jobs.
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.
