Problem
Before taking office as the new Federal Reserve chairman, Ben Bernanke advocated for the adoption of an inflation target to promote price stability in the United States. Compare and contrast the Fed and European Central Bank in terms of their commitment to price stability and economic stability. Which central bank has more independence to pursue price stability as a primary objective? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.