“HUD’s Housing Goals for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) for the Years 2005-2008 and Amendments to HUD’s Regulation of Fannie Mae and Freddie Mac,” 24 CFR Part 81 (Docket No. FR 4790-F-03), Federal Register, vol. 69 (November 2), pp. 63579-628. Department of Housing and Urban Development (2004b).
Nonetheless, there can be differences of opinion about the appropriate definition of price stability or how quickly to return to the target inflation rate when unanticipated events cause a deviation from the target. More importantly, with a common currency, individual countries can no longer benefit from having their national currency operate as a buffer in the event of an economic shock.