And there remain lingering social strains associated with a gradual increase in income inequality, interacting with the low average growth rate in productivity to produce a long period of relatively stagnant real income for the median income family. This less rosy perspective on the current state of the economy was suggested by several members of Congress during the recent oversight hearings on monetary policy.
Over the past years, the Financial Stability Board (FSB) has emerged as the central body coordinating the international financial sector reform agenda set in train by G20 Leaders at their Washington Summit in 2008 and further developed at subsequent meetings.