Jeremy C Stein: Evaluating large-scale asset purchases Speech by Mr Jeremy C Stein, Member of the Board of Governors of the Federal Reserve System, at the Brookings Institution, Washington DC, 11 October 2012. *  *  *  It’s a pleasure to be here at Brookings. And it’s a special thrill and honor for me to be here alongside Don Kohn.
Both are key to ensuring adequate support from the public and to containing populist appeals targeted at those parts of society that are potentially most adversely affected by the reforms. Indeed, some of these reforms may involve long implementation periods, with transitional arrangements, and often lead to changes in the distribution of income and wealth.