It is crucial that the governors continue to act in a personal capacity and remain independent in their decision-making. 6  Op. cit., p. 7. 7  Blinder, Alan S. (2004): “The Quiet Revolution: Central Banking Goes Modern.” Yale University Press.
With a focus on the reversal of hysteresis, which seems to be the more important factor for the time being, this is perhaps the place for a personal assessment of the current situation and what policy responses should be made to address the issue. A.