The Federal Reserve Act, as mandated by Congress, established a dual mandate to guide the Federal Reserve (Fed) in setting monetary policy. Price stability, one of the mandates, benefits economic ...

As the definition of words poses and illustrates realities, the first reflex is to look up the definition of the theme of this article, i.e. stability, only to realize that there is no single ...

Ameyavikram Pathak is Chief Executive Officer of investment management firm AVP Holdings and member of the Finance Committee of the Princeton Foundation for Peace and Learning. Armen Baibourtian is ...

Price stability is an explicit target for the ECB, but the definition of the 2% target is less clear in its monetary policy stance over time. This column presents two alternative interpretations of ...