Only once we see convincing evidence that inflation has returned sustainably to levels in line with our objective will we be able to declare success. Monetary policy and structural reforms But this begs the question: if our measures are working well, why do we put so much focus on other policies?
In the coming years it will become more difficult for a single country alone, even the United States, to set standards and lead policies for the rest of the world. The emergence of other regions and countries with larger populations and soon similar income to that of the United States will challenge its leadership.