These measures aim to preempt the manifestation of a risk that conversion of the deflationary mindset might be delayed, and to maintain the improving momentum of expectation formation. Going forward, the Bank will continue with the QQE, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner.
Richard H Clarida: US economic outlook and monetary policy Speech by Mr Richard H Clarida, Vice Chairman of the Board of Governors of the Federal Reserve System, at the 35th Annual NABE Economic Policy Conference &quot;Promoting Global Growth and Domestic Economic Security&quot;, Washington DC, 28 February 2019.