But it will be much better news when this objective is reached. My colleagues on the FOMC and I will stay focused on doing the Federal Reserve’s part to promote this goal. 24  See Board of Governors of the Federal Reserve System (2014), “Federal Reserve Issues FOMC Statement,” press release, March 19.
25  See Board of Governors, “Federal Reserve Issues FOMC Statement,” March 19, 2014, in note 24. 26  See the discussion in International Monetary Fund (2014), “Perspectives on Global Real Interest Rates (PDF),” chap. 3 in World Economic Outlook: Recovery Strengthens, Remains Uneven (Washington: IMF, April). 8  BIS central bankers’ speeches