But now that Congress has a stable mandate — and can shuck a fractious coalition — it is time for India to exercise the kind of regional and global leadership expected of a rising power.
Yet the Fed, largely by dint of its designed independence from political pressure, continues to pursue its mandates of stable prices, full employment, and oversight of the banking system.
As required, Mr. Bernanke addressed the Fed's dual mandate of stable prices and maximum employment in the first installment of his twice-annual report to each house of Congress.
You are not counted in the official unemployment rate, the rate that everyone uses to understand how well the Fed is doing at achieving its dual mandate of stable prices and full employment.
That provides theoretical justification for the Fed's dual mandate of stable prices and maximum employment.To QE or not to QEMr Summers has never been a central banker and has been largely absent from the debates on quantitative easing (or QE, the purchase of bonds with newly created money) and "forward guidance" (eg, committing to keep interest rates at zero until various criteria are met).
Remember, the Fed has a dual mandate of stable prices and maximum employment.
Only a transparent central bank, free from political interference, can effectively carry out its congressionally-required dual mandate of stable prices and fostering job growth.
"Doctor Yellen has demonstrated a unique understanding of the impact of the Federal Reserve's policies on the middle class, with a critical focus on the balance of the mandate between stable prices and low unemployment," the letter reads.
Flanked at a White House ceremony by the nominee and outgoing Fed Chairman Ben S. Bernanke, Obama said Yellen was committed to the central bank's dual mandate of stable prices and maximum employment.
The Fed is tasked with low unemployment (now spun as a growth mandate that necessitates easy money policies) and stable prices (reconfigured as a cagey mandate for 2% CPI inflation).
