Consequently, in my press conference following the June FOMC meeting, I presented a framework linking the program more explicitly to the evolution of the FOMC’s economic outlook. In particular, I noted the Committee’s expectation at the time that improvements in the job market would continue, supported by a moderate pickup in growth that would support those gains.
As I see it, the appropriate response should materialize on short run and long term solutions. So it is important to characterize two tasks: the urgent ones and the fundamental ones. The former is to take quick and definite actions to avoid the crisis continues to propagate to developing nations recurring to actual resources and the set of institutions that are already in place.