If policymakers viewed that alternative path as appropriate and market participants came to share that view, then financial conditions would become significantly more accommodative, even in the absence of any change in the current level of the funds rate.
Financial institutions must ensure that they carry out consumer education programs. Consumers must know very clearly the financial products and services on offer, what these are intended for and their advantages and disadvantages. Consumers must be made aware of all bank fees and charges and options available in financial products. Consumer education will help consumers make the right choices.