It would allow greater control over domestic monetary policy and help to adjust the policy stance in line with GDP growth in a timely manner in order to prevent the emergence of inflationary and asset price pressures.
* * * Thank you, President Mester and Treye Johnson, and thanks to everyone for joining us. My job today is to listen, so I will keep my remarks short. But I do want to say that these conversations are incredibly valuable. They give context to reams of data and definition to a huge and complex economic picture.