2 I believe that this new statement and strategy represent a critical and robust evolution of our framework that will best equip the Federal Reserve to achieve our dualmandate objectives on a sustained basis in the world in which we conduct policy today and for the foreseeable future. I will divide my remarks into four parts.
But whatever we do – and this gets back to my link between the near and long term – we must not raise global capital requirements in the middle of this crisis. Capital buffers are there to be used and we must provide a clear road map where we are headed. Liquidity Let me now say a few words about our work on liquidity.