In short, looking back at the reform experience at home and abroad, we have a better understanding of and stronger confidence in opening up and are determined to continue openingup. Based on the opening-up experiences of both manufacturing and service industry, it is reasonable to conclude that the rule of competition and opening up also apply to the financial sector.
Some have argued that the Fed should be removing policy accommodation much more slowly, pushing the economy to see if the natural rate of unemployment is lower still. Advocates of this view note that over the past several years of policy normalization, the economy has continued to strengthen and unemployment has fallen, but inflation has remained quiet.