Conclusion For today, just bear in mind that the Fed is doing its utmost to be an enlightened regulator of your banks. For the economy as a whole, there is abundant liquidity to finance economic expansion, and the FOMC will assure that it remains affordable as long as the prospect of inflation rising above its 2 percent target remains in abeyance. It is too early to say that the economy can declare laissez les bon temps rouler. But for you bankers in this audience today, you might be forgiven if you kick up your heels a little bit while you are in New Orleans … though the curmudgeonly old Fed will be watching to make sure that for its part, you don’t let things get out of hand. Thank you, Drake. Thank you all. Now, in the best tradition of central banking, I would be happy to avoid answering any questions you have. 8  BIS central bankers’ speeches
Zeti Akhtar Aziz: Implications of emerging global economy trends for Malaysia Speech by Dr Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia, on the occasion of the International Women's Day Forum, Kuala Lumpur, 1 April 2008. *  *  *  Fundamental changes occurring in the international environment have dramatically altered the configuration of the global economy. A global shift is taking place resulting in a rebalancing of economic power. Accompanying these changes is the increase in the international mobility of talent and capital flows. In this more dynamic environment, comparative advantages and distinct capabilities are also shifting. This has resulted in a rethinking of the business models and the manner in which we operate to achieve performance. In addition, corporate cultures have needed to change. This reorientation has entailed reviews of the strategic focus, the strategies, approach and processes as well as the redeployment of resources. In conjunction with the International Women's Day that was on March 8, it is my honour to be here today to speak at this forum organised by Accenture. My remarks will focus on the implications of these newly emerging trends in the global economy on Malaysia. More specifically, to discuss the new future that is emerging before us, and the opportunities it accords. Equally important, is the ability to raise the level of our flexibility and capacity to adjust to these changing conditions.