Some observers argue that the mandate of the Federal Reserve Bank should be changed to prioritize the control of inflation over other goals.

1. Why do they think this (i.e. what problem are they trying to solve)?
2. What are some arguments for inflation targeting like this?
3. What are some arguments against inflation targeting?
4. Additionally, research the policies of a different central bank when it comes to balancing inflation control versus other goals and share with the group what you found out.