Not surprisingly, therefore, preservation of financial stability has steadily evolved to become a major objective among central banks,  1  Bakhtiar K. Dadabhoy: Sugar in Milk: Lives of Eminent Parsis, Rupa & Co., Page 359  2  implicitly or explicitly, alongside traditional and evolving goals of monetary policy. 6.
As events unfolded, however, the Federal Reserve did not escape criticism, and for a time it was not entirely obvious that the System could maintain the necessary public support to see its disinflationary efforts come to fruition.