Nevertheless, as I have explained today, the role of central banks has evolved over the years and that process is continuing or has even accelerated after the Great Financial Crisis. Our economic system, while bringing us unprecedented prosperity, is an inherently unstable creature because of its dynamism.
If the peoples of the world are to maintain, let alone further improve, their current lifestyles, policy makers, including central banks, must not let the various currents unleashed by the Crisis threaten the foundations of an affluent society.