We brought inflation back towards 2%, we created ten million jobs, and if it’s good for employment, it’s also good for European citizens. In the United States, the Federal Reserve has two mandates: inflation and full employment. Yes. And if you were to add full employment? In one respect, it’s not up to me to discuss this.
Because foreign monetary policy rates is assumed to remain on hold, foreign GDP (panel F) rises by the improvement in its net exports (that is, by the mirror image of panel D, given that foreign domestic absorption is unchanged).