The Fed’s statutory objectives contained in the so-called dual mandate help define what is satisfactory and desirable. Our policy objectives are maximum employment and low and stable inflation. The Committee has put a clear definition on the inflation objective.
The US Treasury and a firm of consultants have acted as intermediaries in this process and have pointed out the uniqueness of the Danish model in terms of efficiency, transparency, security and protection of the interests of both borrowers and investors. Representatives of the Mexican authorities have visited Denmark on several occasions, seeking technical assistance in building up a mortgage-credit system step by step.