BIS central bankers’ speeches  3  progress on the structural front, monetary easing is not the key to a sustainable economy. It does, however, affect financial stability, given that it can fuel bubbles. Therefore, we need to look for an exit strategy.
The unemployment rate, which seems not to have been noticeably affected by the hurricanes, declined further to 4.2 percent, down about 1/2 percentage point from the end of 2016 and below the median of Federal Open Market Committee (FOMC) participants’ estimates of its longer-run normal level.