Speaking for the Fed, I can assure you that we are committed to using our full range of tools to support the economy and to help ensure that the recovery from this difficult period will be as robust and rapid as possible.
Some examples of cooperation and coordination relate to maintaining a balanced budget inclusive of draw downs from trust accounts. Historical experience in the 1980’s and 1990’s and early 2000’s show that Government deficits have a very immediate impact on inflation.