•  Preparation of the delegation agreement between the Board and the Central Bank as envisaged in the legislation. •  With the technical assistance from the World Bank, work will begin soon on the Strategic Asset Allocation to be recommended to the Board. The arrangements with the World Bank provide for continuing training of Central Bank staff in sovereign asset management.
By contrast, if strong growth and employment gains were to continue and be accompanied by stable inflation, inflation expectations, and expectations for Fed policy, that situation, to me, would argue against raising short-term interest rates by more than I currently expect.