And since we have taken on new risks that will be on our balance sheet for a long time, we may need to retain certain elements of our current risk management framework. As monetary policy begins to normalise, there are three areas in particular where our risk management framework needs to be reviewed.
Are there other tools we should consider to help us reach and sustain our objectives more effectively? I also want to know how the Federal Open Market Committee’s communication of its policy framework to the public might be improved. How can we help you better understand our work so you can hold us accountable?