Then many monetary policy rules would recommend that the FOMC not ease policy further and in fact consider reducing the level of monetary policy accommodation. That recommendation – don’t ease further if you’re doing better on your mandates – makes sense to me. With that recommendation in mind, let’s go back to November 2010.
In case any FFIs do not agree to comply, they would be subject to a 30 per cent withholding tax. Should we be scared of this so-called murder weapon? Well, the aim of FATCA is to collect taxes. It is the right of the US government, as it is of any government, to levy taxes on its citizens.