Price stability refers to a stable price level or a low level of inflation and not to stable individual prices. There is no doubt that changing relative prices play a crucial and beneficial part in economic adjustment and decision making by individual actors be it companies or households.
We believe it is important that Congress, as it has in the past, set the nation's policies with respect to the proper mixing of banking and commerce and consider carefully and deliberately whether any changes to the nation's policies on this important issue should be made.