We’ve seen strong evidence of this underutilization in the performance of key labor market metrics. Hence, the FOMC is also underperforming with respect to its maximum employment objective. We need to do better as a Committee – and I look forward to working with my colleagues to make that happen. Thank you for listening. I’d be happy to take your questions.
4  BIS central bankers’ speeches  BIS central bankers’ speeches  5  6  BIS central bankers’ speeches