When the Federal Reserve was founded in 1913, the Federal Reserve Act made no mention of price stability
and its mandate was rather diffuse.
The Bank also attempted to clarify its empirical definition of price stability
First achieving and now sustaining price stability
is especially important as it reduces the uncertainties and risks that individuals and firms face in making financial decisions.
The case for maintaining price stability
--in the United States and elsewhere--is rooted in experience and theory, which indicate that monetary policy best supports employment, economic growth, and financial stability by making price stability
The Federal Reserve has rebuilt its reputation for price stability
, with the result that inflation expectations no longer parallel energy price patterns closely.
The treaty establishing the European Community assigned to the ECB the maintenance of price stability
in the euro area as the primary objective and unambiguous mandate.
The provisional themes for the three meetings are: issues concerning measurement of prices; decline in prices and its implications for economic activities; and monetary policy amid uncertainty over price stability
, the BOJ said.
prevents overinvestment in the financial sector, which in a high-inflation environment expands to profitably act as a middleman to help individuals and businesses escape some of the costs of inflation.
ECB president Wim Duisenberg warned that risks to price stability
remained on the upside as a result of recent high oil prices and a weak euro which may force the ECB's hand soon.
Convergence culminated in the achievement of price stability
throughout the euro area.
The first is opting for a swap, which gives you price stability
at the current low level.
Perhaps the most important of these is the desire for price stability