Banks, finance and supervision Even though banks’ balance sheets continued to strengthen in 2018, the effects of the crisis have not yet been fully reabsorbed and are delaying their response to the profound changes in the industry’s market structure, customers’ habits, financial regulations and technology.
Third, I have highlighted some key lessons from the experiences of other major industrial economies that have adopted explicit inflation objectives. Finally, you may have noticed that I haven’t said much about the United States in this speech.