For the most part, these policies are outside the remit of the Federal Reserve, but monetary policy can contribute by supporting a strong and durable expansion, in a context of price stability. Conclusion How should we think about the performance of our economy since the Crisis? The picture is mixed, and that question will no doubt be debated in the decades ahead.
But here are some facts. Since 2011, job growth has been stronger and unemployment has declined faster than BIS central bankers’ speeches  5  most forecasts. On the other hand, economic growth has been consistently lower than almost all private- and public-sector forecasts, including those of FOMC participants.