Could we have done a better job implementing the previous program? As I look back, I am inclined to say yes. But if you take into account the conditions in which we were making those radical changes to the financial market, perhaps you can see that we did a decent job.
1/4  BIS central bankers' speeches  Be reminded that we were having a triple crisis on our hands, the kind that economists call a perfect storm. Ukraine was simultaneously fighting a war, going through a financial crunch, and teetering on the brink of default. That makes me certain that we can take pride in what we have accomplished together.