This approach is for the impatient side of this Summit… However, it is in my nature as a central banker to provide an appropriately balanced operating environment… Therefore to equally address the patient constituents of the Summit, I shall first provide the fundamental basis for our policy actions including the risks that we see going forward.
The recovery, however, ran into resistance in the summer, apparently as a consequence of a renewed weakening in equity prices, further revelations of corporate malfeasance, and then the heightened geopolitical risks.