Hence, it is likely that additional expansionary measures will be undertaken given the already anemic pace of economic recovery in those countries. The implication for Mexico is that capital inflows will probably continue for some time. However, as history has taught us time and again, any financial bonanza eventually ends.
For release on delivery 11:00 a.m. EDT June 23, 2022  The Outlook for Inflation and Monetary Policy  Remarks by Michelle W. Bowman Member Board of Governors of the Federal Reserve System at Executive Officers Conference Massachusetts Bankers Association Harwich, Massachusetts  June 23, 2022  Thank you to the Massachusetts Bankers Association for the opportunity to speak to you today.