91.   The staff recommendation was confirmed by three senior Fed staff officials attending an international conference on price stability.

92.   There will be greater economic production with monetary policies that maintain price stability and fiscal policies that increase rewards for work, thrift and entrepreneurship.

93.   Therefore, as a practical matter, price stability may best be thought of as an inflation rate falling somewhere within this range.

94.   There is thus a risk that price stability may make relative wages even more rigid.

95.   This even-handedness is necessary because emerging adverse trends may fall on either side of our long-run objective of price stability.

96.   Third, the power of the bond markets has forced discipline on to governments everywhere, creating the best conditions, for price stability for a generation.

97.   This seemed to defy conventional economic wisdom, because rising productivity restrains wage inflation and thus implies continued price stability.

98.   They tend to focus less on inflation and price stability, and pay more attention to economic growth and European integration.

99.   This makes it more difficult for the Federal Reserve to use monetary policy to maintain price stability, keep the economy on an even keel and ensure optimum employment.

100.   Tietmeyer also noted that Germany was closer to price stability than in other years.