In addition, the Board, in partnership with other members of the Federal Reserve System, is engaged in a wide range of analysis and research using rich and timely data on households’ use of consumer credit.
Economic policy Major problems and tasks lie ahead for economic policy and for the adjustment of the public finances in particular. In the first half of this year the state sector borrowing requirement exceeded that of the first half of 2003 by more than € billion, or nearly one percentage point of GDP.