Of course, my judgment about the actual path of policy will continue to be influenced by the evolution of the data and the risks. I am mindful that low spreads on corporate credit, together with risky corporate debt at historic highs, suggest financial imbalances are growing.
We should be addressing these financial imbalances by activation of the countercyclical capital buffer, more rigorous use of stress tests, and active monitoring of leveraged lending. So what does this mean for you and the families and businesses you serve in and around 1/2  BIS central bankers' speeches  Scranton?