Last March, the Committee stated that it would be appropriate to raise the target range for the federal funds rate when it had seen further improvement in the labor market and was reasonably confident that inflation would move back to its 2 percent objective over the medium term.
The essence of corporate governance is to ensure that the actions of a firms insiders – its managers and controlling shareholders – are consistent with the legitimate interests of all of its stakeholders, and do not benefit the insiders at the expense of outsiders.