So much, in other words, for the Fed's cumbersome
dual mandate as the real threat of inflation now goes completely ignored.
It should be noted that after this year's European elections it will no longer be permissible for an MEP to be a peer sitting and voting in the House of Lords (since MEPs will not be allowed to have
a dual mandate as a member of a national legislature).
Not exact matches
Highlighting the records of the European Central Bank, the Bank of England, and Sweden's Riksbank, Rosengren went so far
as to suggest that central banks that focused only on inflation may want to consider adopting a U.S. - style
dual mandate.
Keep in mind that the ECB's main objective is price stability, ie to control inflation,
as opposed to the Federal Reserve's
dual mandate to strive for full employment
as well.
Contrary to popular belief, the fund was never intended to serve purely
as a stash for a «rainy day»; it always had multiple social and political objectives — not unlike a central bank with an awkward
dual mandate — and its investments included discounted loans to other provincial governments in the inflationary late»70s.
In short, so far
as Niskanen was concerned, the
dual mandate was one
mandate too many.
Today, one of the more astute anchors sustained the nonsense that the ECB and Mario Draghi have a SINGLE
MANDATE (inflation), which renders the ECB policy easier to decipher
as the FED has its self - defined
DUAL MANDATE.
It did not take long after the passage of Humphrey - Hawkins for wiser Federal Reserve officials, including Paul Volcker (who became Chair in 1979), to conclude that the «
dual mandate,» far from defining a new and sustainable approach to monetary policy, was simply a nuisance — something they had to pay lip service to, whilst really concerning themselves with keeping a lid on inflation, so
as to undo and avoid repeating the mistakes of the 70s.
The most important policy priority with respect to the Fed is protecting it from stone age monetary ideas like a return to the gold standard, or turning policymaking over to a formula, or removing the
dual mandate commanding the Fed to worry about unemployment
as well
as inflation.
[2] Even the Federal Reserve, for which the
dual mandate is most strongly set down and defended, articulates a numerical description of price stability and describes it
as a goal.
The Federal Reserve has what is commonly referred to
as a «
dual mandate»: to achieve maximum employment (in practice, around 5 % unemployment) and stable prices (2 - 3 % inflation).
This meant he served
as a Member of both the Scottish and Westminster Parliaments for a time with a
dual mandate, although like other MPs elected to Holyrood (such
as John Swinney, John Home Robertson and Donald Gorrie) he stood down from Westminster at the 2001 General Election.
The issue of
dual mandate AMs and MPs is dismissed
as a non-existant problem.
This is what is know
as its «
dual mandate,» and it's this balancing act that makes interest rates such a delicate question.
To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the
dual mandate, the Committee decided today to continue its program to extend the average maturity of its holdings of securities
as announced in September.
These objectives are sometimes referred to
as the Federal Reserve's
dual mandate.
The Federal Reserve has what is commonly referred to
as a «
dual mandate»: to achieve maximum employment (in practice, around 5 % unemployment) and stable prices (2 - 3 % inflation).
It was established in 2003 by WWF and other international NGOs
as a best practice standard to ensure projects that reduced carbon emissions under the UN's Clean Development Mechanism (CDM) also delivered on the
dual mandate to foster sustainable development.