Conclusion In closing, let me reiterate that the program of asset purchases initiated by the Federal Open Market Committee in November is intended to support economic recovery from an exceptionally deep recession and to restore inflation to, but not above, levels that FOMC participants consider consistent with price stability.
Glenn Stevens: The cautious consumer Address by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to the Anika Foundation Luncheon, supported by Australian Business Economists and Macquarie Bank, Sydney, 26 July 2011. *  *  *  Thank you for coming out once again in support of the Anika Foundation.