,,ii #aacth ,,congress #ast ,session ,s4 #bae ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #d1 #bjac ,mr4 ,corker 7for himself and ,mr4 ,vitter7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to ensure that the ,federal ,reserve conducts its policies to ensure long-term price stability and a low rate of inflation4 #a4 ,short title ,this ,act may be cited as the ,federal ,reserve ,single ,mandate ,act of #bjac4 #b4 ,amendments to the ,federal ,reserve ,act ,section #b;,a of the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #bbe;a7 is amended-- 7#a7 by striking maximum employment1 stable prices1 and inserting long-term price stability1 a low rate of inflation12 and 7#b7 by adding at the end the following3 ,the ,board shall establish an explicit numerical definition of the term long-term price stability and shall maintain monetary policy that effectively promotes such long-term price stability44