However, the US Federal Reserve System (Fed) then signalled a likely acceleration in the pace of interest-rate increases (and and that it would embark on the process of reducing in its balance sheet) as it had become increasingly confident of meeting its mediumterm growth and inflation goals.
But what reforms would resolve the actual problems in the Economic and Monetary Union? We have to beware of falling into the trap of taking action for action’s sake, but focus on solving the actual core problems.