1 In the months ahead, I expect to see tightening resource utilization in the U.S. economy as rising fiscal stimulus reinforces above-trend growth. Continued gradual increases in the federal funds rate are likely to be consistent with sustaining strong labor market conditions and inflation around target, with the balance sheet running off gradually and predictably in the background.
Right now, the International Monetary Fund is the main provider of emergency assistance to a country that runs into financial difficulties, while its private creditors are not always involved.