IN THE SENATE OF THE UNITED STATES
February 4, 2013
Mr. Corker (for himself and Mr. Vitter) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To ensure that the Federal Reserve conducts its policies to ensure long-term price stability and a low rate of inflation.
This Act may be cited as the
Federal Reserve Single Mandate Act of
Amendments to the Federal Reserve Act
maximum employment, stable prices, and inserting
long-term price stability, a low rate of inflation,; and
by adding at the
end the following:
The Board shall establish an explicit numerical
definition of the term .
long-term price stability and shall
maintain monetary policy that effectively promotes such long-term price