If we look at the first half of the decade since 2000, or at western nations since the end of 19th century before the World War I, we can see that the periods of economic prosperity have  BIS central bankers’ speeches  5  almost always coincided with big waves of globalization.
We are deeply committed to transparency, and recognize that the need for transparency is heightened when we are called upon to use our emergency powers. This is particularly the case when Congress appropriates taxpayer funds to back lending programs that the Fed administers.