We pursue these goals based solely on data and objective analysis, and we are committed to doing so in a clear and transparent manner. Today I will review the current economic situation before turning to monetary policy.
Current Economic Situation and Outlook Over the first half of 2021, ongoing vaccinations have led to a reopening of the economy and strong economic growth, supported by accommodative monetary and fiscal policy. Real gross domestic product this year appears to be on track to post its fastest rate of increase in decades.