Already we have seen the market reaction to the Fed statements following the most recent FOMC meeting,  BIS central bankers’ speeches  1  when there were indications that the timing of the first policy rate adjustment may occur sooner than previously believed.
This should be done fully appreciative of the fact that an unstable financial system poses a significant risk of reversing the short terms gains emanating from unsustainable growth in the economy. These are trade-offs that require a careful balancing act. Banks can only effectively and efficiently serve the public interest when they are safe and sound.