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In a paper presented at the annual monetary policy conference in Jackson Hole, Wyo., he said that the Fed should instead declare its intention to hold down interest rates until the economy meets certain benchmarks, like a specified increase in economic output.
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For that to take place, he said, Iran would have to meet certain benchmarks or conditions.
He has said Iran would have to meet certain benchmarks before he would get personally involved.
Banks have to meet certain benchmarks to qualify for the bonus.
In 2001 the Delaware Division of Substance Abuse and Mental Health began giving treatment programs incentives, or bonuses, if they met certain benchmarks.
TransCanada won the exclusive license to pursue a project, meaning it got the pledge of up to $500 million in state aid but also had to meet certain benchmarks.
The bonds will have a face value of 5 million yen and will pay no interest, but can be converted to stock if Sony's shares meet certain benchmarks.
But some Western countries were agitating to hold back the loan until Sri Lanka met certain benchmarks, like allowing Tamils displaced by the fighting to return to their homes.
There are some experiments with a pay-for-performance approach, in which Medicare gives medical groups bonus payments for meeting certain benchmarks of quality care.
If the company fails to meet certain benchmarks, the F.C.C. may penalize the company by the requiring payments to the United States Treasury of up to $750 million.
Senator Bob Corker, a Tennessee Republican, said it was time for Congress to put conditions on the military and economic aid, doling out assistance only if Pakistan met certain benchmarks in combating militants.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com