This in turn affects the cost of borrowing for households and companies.7 So as policy is set in an inflationary environment, markets adapt to the policy environment, and firms adapt to the market environment. Macro-financial outlook – elevated volatility What does this complex and uncertain macroeconomic outlook mean for financial services?
As part of that summit, the Federal Reserve released 17 papers analyzing trends, challenges, and possible solutions for addressing foreclosures  1  See Federal Reserve System, Mortgage Outreach and Research Efforts (MORE) Initiative (2010), Addressing the Impact of the Foreclosure Crisis: Federal Reserve Mortgage Outreach and Research Efforts (Chicago: Federal Reserve Bank of Chicago).