The world’s pre-eminent dramatist and poet said, “Our doubts are traitors, and make us lose the good we oft might win, by fearing to attempt.” Given the crucial role we play in economic development and even in financial inclusion. Let us not fear to attempt.
That is why the US economy can cope with higher interest rates. We have not got that far yet. Why not? Unemployment is falling in Europe too, and there is growth – and the oil price is rising. It is true that the recovery is firming.