In the United States, the Federal Reserve’s tapering of its asset purchases has become a matter of discussion. The background to this is the moderate but steady recovery in the U.S. economy, and this recovery itself is a positive development for the world economy.
Furthermore, the Federal Open Market Committee (FOMC) has repeatedly conveyed the message that it will begin to adjust the pace of its asset purchases only when there continues to be substantial improvement in the outlook for the labor market.