In January, the Committee noted that it anticipated that economic conditions were likely to warrant exceptionally low levels of the federal funds rate at least through late 2014 – a year and a half later than in previous statements.
Sometime last week Jamaica launched a nationwide financial literacy programme. Also, and very significantly, the IMF, through its regional training agency (CARTAC) has begun to market financial literacy throughout the region. Particularly, following the recent global financial crisis, it is being increasingly acknowledged that financial literacy can play a critical role in economic management both in advanced and in developing countries.