BIS central bankers’ speeches  3  accumulate large amounts of debt. We saw in 2007 that this kind of leverage, if undertaken in sufficient magnitudes, has the potential to create risks to employment and inflation.
Two other possible improvements The two issues I’ve just mentioned – symmetry of the inflation objective and the role of financial stability – have been noted as under discussion in previous FOMC minutes. In my view, there are two other possible improvements to the FOMC’s statement of its long-run goals that have not yet been mentioned in the minutes but deserve further Committee study.