When we’re sufficiently far away, we need to make sure we are providing the necessary monetary stimulus to help inflation increase over time. That is actually our forecast. We do not expect the current inflation rate to remain where it is. We do expect that all the stimulus we are providing will help inflation to move up over time.
Evolution in computing capacity and computational technology has brought changes to existing analytical approaches, which requires the simplification of the financial and economic system for applying theoretical models. Emerging technology allows us to observe details and model the system as it really is, helping assess interactions among firms, individuals, and market participants.