In developing countries, level of financial exclusion is steepest in Sub-Saharan Africa (a reflection of extreme poverty and difficult economic condition). Situation in Asia, present a mixed picture. South Asia (average access rate being 31 percent) lags behind in expanding financial access relative to South East Asia (average access rate being 47 percent).
Of course, as I have discussed, the Federal Reserve's influence over these objectives differs importantly in the long run: Monetary policy determines the long-run inflation rate, whereas the factors that influence the sustainable rates of growth and employment in the long run are largely outside the central bank's control.