6  BIS Review 145/2008  Of course, the magnitude of the effects of recent policies are highly uncertain, given the current climate of extreme financial stress as well as the nonconventional nature of a number of these policy actions.
Thus, the Federal Reserve will continue to monitor closely how the effects of recent policy actions are affecting small business conditions and economic activity more broadly. Conclusion The health of the U.S. economy depends importantly on the vitality of the small business sector, and continued access to credit on competitive terms is necessary for that vitality.