First, we must do a good job promoting the objectives that the Congress has identified. Second, we have to accept a certain amount of grumbling about the decisions that impose short-run costs, especially when unemployment is high or policy tightens preemptively to contain what the Fed perceives as inflation risks.
1/2  BIS central bankers' speeches  In the United States, the trade policy pronouncements of the current President have been subject to extensive analysis in the media; anyone in that country who is interested in this aspect of public policy can have no excuse for not being well informed about the pros and cons of President Trump’s favoured trade policies.