Sentences with phrase «dual mandate banks»

With a touch of levity, Rosengren said that may only prove that «all of us are dual mandate banks at heart.»

Not exact matches

Last year, she led a Fed committee in charge of clarifying how the bank views its dual mandate, according to the Wall Street Journal.

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.

A top Federal Reserve official on Friday defended the central bank's dual mandate of full employment and price stability, but also told CNBC he's optimistic the U.S. economy is gathering strength.

Unlike our central bank, the US Federal Reserve has a dual mandate: employment and inflation.

The Fed has a dual mandate to maximize employment and stabilize inflation, which it tries to achieve primarily by pushing up or down the federal funds rate, the benchmark short - term financing cost for banks that influences a wide range of borrowing rates for households and businesses.

Since the US Federal Reserve, which is the US central bank, is dealing with a dual mandate, it is clear that Nonfarm Payrolls, released monthly, and the consumer prices index (showing inflation) are the most important.

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.

The central bank also maintained that it continued to expect some pickup in the pace of the business recovery over the coming quarters, but that it anticipated the jobless rate would decline only gradually toward the levels that the FOMC judges to be consistent with its dual mandate to foster maximum employment and price stability.

The central bank has been given the dual mandate by Congress of achieving full employment in the economy (normally considered to be at about a 5 % unemployment rate) while maintaining price stability.

Its security measures already match or exceed those at banks — from using machine learning to detect dubious activity, to mandating dual - factor authentication.