Risks remain What are these risks that we face today? Let me name four that are top of mind: 1) Monetary policy normalization in advanced economies. The consensus, as I understand it, is that the Fed would continue with its current pace of tapering. The operative question now therefore is when will the Fed “lift off” be?
Alan Greenspan: Follow-up to the semiannual monetary policy report to the Congress Testimony of Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, before the Committee on Financial Services, US House of Representatives, 30 April 2003.