As is typically the case in the early stages of an economic recovery, the Bank will have to weigh the risks of a premature exit against those of leaving expansionary policies in place for too long. Because economic conditions vary, the appropriate timing of the exit is likely to differ across countries.
BIS Review 76/2008  1  When the Federal Reserve Bank of Kansas City opened in 1914, it operated out of leased office space before moving to the building it is now vacating. In the more than nine decades since, the world has changed dramatically, especially in the areas of banking and finance; however, the Federal Reserve's purpose, mission, and goals remain unchanged.