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In pursuing price stability its primary goal the central bank aims to keep inflation close to 2%.
In pursuing price stability, monetary policy can contribute to the gradual build-up of financial vulnerabilities through its effect on the degree of risk-taking in the economy.
One could object to this conclusion by pointing out that the ECB will be completely independent of political authorities, has a clear objective of pursuing price stability, and is prohibited from (directly) financing government deficits.
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President Obama has promised that the Justice Department will be vigilant in pursuing price-gouging at the pump, but what we really need is to address the full set of energy-related problems, with a focus on spurring clean energy innovation.
The Bank is constrained to pursue price stability and price stability only.
But this is no justification for abandoning its mandate to pursue price and financial stability.
At the moment, the Fed is legally obliged to pursue price stability and maximum employment.
Referring to the central bank's legal obligation to pursue price stability and maximum employment, Yellen said bluntly, "I'm committed to achieving both parts of our mandate".
Rick Lyle, playing in place of Abraham, was first sucked in by the play and then did not have the speed to pursue Price.
So the biggest question of all is: will the ECB, which has a treaty obligation only to pursue price stability, take much notice of the euro's exchange rate?
The Maastricht treaty on European union, signed by all EU governments, says that the ECB must not "take or seek instructions" from national governments or anybody else; and it says that the bank must pursue price stability as its primary aim.But the political leaders of the EU now are a very different bunch from the ones who negotiated the Maastricht treaty in 1991.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com