Annual Report 2010

Price Stability: Why We Seek It and How Best to Achieve It


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Over the long term, steady job growth requires low and stable inflation. In its 2010 annual report, the Federal Reserve Bank of Cleveland explains why price stability is essential for maximum employment, and how the adoption of a numerical target for inflation may improve the central bank’s ability to achieve both objectives. Read More

  1. President’s Foreword
  2. Price Stability: Why We Seek It and How Best to Achieve It
  3. Frequently Asked Questions About Inflation
  4. Operational Highlights
  5. Financial Statements
  6. Officers and Consultants
  7. Boards of Directors
  8. Advisory Councils
  9. Complete Publication

This annual report was prepared by the Public Affairs and Research departments of the Federal Reserve Bank of Cleveland.

For additional copies, contact the Research Library, Federal Reserve Bank of Cleveland, PO Box 6387, Cleveland, OH 44101, or call 216.579.2050. Portions of the report as well as additional commentary on inflation-related topics appear in the spring issue of the Federal Reserve Bank of Cleveland’s policy publication, Forefront. We invite your comments and questions. Please email us at editor@clev.frb.org.