The FOMC must be mindful of this fact and be cautious in pursuing elusive short-term goals that have unintended and sometimes disruptive effects. In recent weeks, some have argued that with inflation low and the jobless rate high, the Federal Reserve should provide additional accommodation.
Evidently, the Fintech agenda is a wider one which affects the entire financial system and which central banks, of course, monitor closely from a financial stability perspective. Moreover, digitalisation and new ways of producing and consuming will have a strong impact on the entire economy.