Against the backdrop of slower output growth, we are seeing some tentative signs of rebalancing in the labor market. Anecdotal reports suggest the availability and  Both the Summary of Economic Projections (SEP) and private forecasters showed expectations of abovetrend 2022 growth early this year.
It also should be noted that, although QQE could probably elicit reasonable effects through people’s expectations at the time of introduction, additional measures are likely to only have limited effects through this channel compared with when it was introduced.