The American economy is very strong and well positioned to handle tighter monetary policy. -4To conclude, we understand that our actions affect communities, families, and businesses across the country. Everything we do is in service to our public mission. We at the Fed will do everything we can to achieve our maximum-employment and price-stability goals. Thank you. I am happy to take your questions.
This is a point stressed by Hansson (1993: p.4): “… consensus improves the political economy of sustaining economic reforms through the phase when most effects are negative”. 53. For more information on IReF see https://www.ecb.europa.eu/stats/ecb_statistics/cooperation_and_standards/reporting/html/index.en.html [https://www.ecb.europa.eu/stats/ecb_statistics/cooperation_and_standards/reporting/html/index.en.html] . 54. See Buch, Buchholz, Knoll and Weigert (2021). 55. See https://www.bis.org/review/r191002c.pdf [https://www.bis.org/review/r191002c.pdf] 56. See Hansson (1993: p. 19).