I believe that keeping interest rate low has prevented inflation from been exacerbated thus far.
The German central bank raised a key interest rate, citing as a reason the need to prevent inflation.
With today's decision, the bank placed the emphasis once again on preventing inflation.
It is easier to prevent inflation from taking off at the first signs of the economy heating up.
The object was to prevent inflation and maintain steady growth.
This will prevent higher inflation and keep it between 4 and 5 percent.
So far, the Fed has concerned itself mostly with preventing inflation.
He cites continuing demand and a lack of central bank efforts to prevent inflation.
Rather, he said, the central bank's role is to prevent revived inflation.
The Fed's goal is to rate interest rates enough to prevent inflation from taking off but not so much as to hurt economic activity.