I also view such considerations as consistent with a likely increase in the target federal funds rate later this year, because such an increase would be part of a broader strategy for only gradually reducing accommodation over time (subject, of course, to adjustments in response to incoming information on real activity, inflation, and other factors).
I thus would like to argue that, unlike what our history has taught us, it is possible to run a successful enterprise while living true to the teachings of our faiths. Let us recall the periods when an economy has distortions such as high unemployment, high inflation, low growth rates, and episodes of scarcity of  2  goods or services.