Ms. Rivlin reports on the positive perfomance of the US economy and the policies needed to sustain growth in the future Testimony of the Vice Chairman of the Board of Governors of the US Federal Reserve System, Ms. Alice M. Rivlin, before the Committee on Banking and Financial Services of the US House of Representatives on 23/7/97.
One element, clearly, is the trust of investors in the political stability of a country and its preparedness to undertake the necessary reforms. Another aspect concerns the credibility of fiscal consolidation programs. This is not only a political challenge, but also an economic issue.