My takeaway is that a less restrictive tapering criteria would have allowed more flexibility to taper “sooner and gradually,’ as opposed to the relatively “later and faster” approach that occurred.
BIS central bankers’ speeches  1  We will also hear from financial service providers on how they have identified and segmented their markets, and share with us what has worked and what needs improving. Real partners that not only provide the system, but also can create the demand for it, are essential to bring down transaction costs for everyone, and especially the poor.