The baseline is for continued moderate expansion, a strong labor market, and inflation moving gradually to our symmetric 2 percent objective. The Federal Open Market Committee (FOMC) has taken significant action to provide insurance against the risks associated with trade conflict and weak foreign growth against a backdrop of muted inflation.
Off-hand, I can say that we need to improve our data and data analysis skills relating to real estate, capital flows, and with reference to banks and non-banks, data relating to credit, liquidity and market risk indicators. Summing up Let me now conclude.