The Board’s main interest will be in determining whether there are impediments to the development of mobile payments, for example in relation to standards.   Standards themselves cut across many areas of payments, including messaging, device and security standards. Their design and application can have significant implications for efficiency and for innovation.
That doesn’t sound like a good thing, but when the economy is overheated, it is. When demand runs ahead of supply, inflation faces upward pressure. Slowing the economy lets supply catch up with demand, and that relieves inflationary pressures. Monetary policy also influences expectations of future inflation.