Our Bank represents the ninth of the 12 Federal Reserve districts and includes Montana, the Dakotas, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. Eight times per year, the FOMC meets to set the path of interest rates over the next six to seven weeks.
You can justify both, doing it now or buying bonds later, but based among the best information we had, I came to the conclusion that risks for price stability were so high that we needed to act. Have Jens Weidmann and Sabine Lautenschläger been all too relentless in their criticism? Liikanen: No, it’s been professional.