In appropriate combination, these two tools can provide the high level of policy accommodation needed to promote a stronger economic recovery with price stability. 1  These projections reflect FOMC participants’ assessments based on their individual judgments regarding appropriate monetary policy.
2  BIS central bankers’ speeches  In the interest of transparency, Committee participants agreed in June that it would be helpful to lay out more details about our thinking regarding the asset purchase program – specifically, to provide additional information on our assessment of progress to date, as well as of the likely trajectory of the program if the economy evolves as projected.