1. For a while they tried using price restrictions as a way of controlling inflation. 2. Thus monetary policy is the means of controlling inflation, and in the long run, control of the money supply will not affect output and employment. 3. Wage restraint, say Conservative Treasury spokesmen, is important to company viability and to controlling inflation. 4. And he has criticized the view, popular among Fed officials, that central banks are more effective in controlling inflation if they ignore unemployment. 5. Brazilian President Fernando Henrique Cardoso, a former finance minister, is believed to be the only South American leader ever elected solely for controlling inflation. 6. But controlling inflation, so important for growth, causes pain and unemployment in the near term. 7. Controlling inflation remains the goal of interest rate changes, and that point was made repeatedly at the conference Friday. 8. Controlling money supply has been key to controlling inflation, Dai said. 9. Greenspan prides himself in continuing the work of his predecessor, former Federal Reserve Chairman Paul A. Volcker, in controlling inflation. 10. He has testified repeatedly in the past that a single objective would make the central bank more effective in controlling inflation. |