However, I will not discuss this in detail today, even if I think that this is a good idea, especially for the euro area, including an own revenue source. 4  A recent study demonstrates that automatic stabilisers absorb 38% of a proportional income shock in the EU, compared with 32% in the US.
Looking ahead, the FOMC expects moderate growth in real gross domestic product (GDP), additional strengthening in the labor market, and inflation rising to 2 percent over the next few years.