So, the viewpoints we gather through our boards and advisory councils, and our outreach to businesses and communities through events like this help us add a real-time perspective to the data and help us form a rich and detailed mosaic of our nation’s economy. Within the Federal Reserve, the body that considers this mosaic as it makes monetary policy decisions is the FOMC.
6  Beyond conventional monetary policy It is possible that some of the uncertainty in the current economic cycle is due to a question of whether central banks have enough policy space to respond to a future recession; or even if we can continue to service our mandates if inflation remains low.