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"Any tendency of inflation expectations to become unmoored or for the Federal Reserve's inflation-fighting credibility to be eroded would greatly complicate the task of sustaining price stability and could reduce the flexibility of the F.O.M.C," Mr. Bernanke warned, referring to the Federal Open Market Committee, which sets interest rates.
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But if successful, a cartel could have far-reaching consequences on the rice market, sustaining prices at their current historic highs and worsening a food crisis that is hurting Asia's poorest consumers.
When it comes to sustaining prices and margins, programmable logic device (PLD) companies are almost as successful as analog chip companies.
So a political pledge - as opposed to actual legislation - has had the effect of sustaining prices at an artificially higher level than would otherwise be the case.
Crucially, expectations emerged that the country would see sustained price increases.
If you have sustained price reductions, you will see consolidation and layoffs".
In 1999 an executive board of Sweden's Riksbank was established to set monetary policy and sustain price stability.
The major retailers are waging a sustained price war on milk in a bid to entice shoppers into their stores.
Robert Shiller is sceptical, noting that while indicators are strengthening, there is little reason to think that short-run momentum must lead to a more sustained price boom.
The agency said a sustained price of more than $100 a barrel could "prove incompatible with the currently expected pace of economic recovery".
Rather, he said he envisioned a "virtuous circle" of "higher incomes and profits" that would "support economic expansion" and "promote increased employment and sustain price stability".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com