Let me be very clear that the Federal Reserve's monetary policy is highly accommodative now. We've brought rates close to zero. We have done $2 trillion worth of asset purchases. We have made commitments about rates. We've extended the maturity of our portfolio. So we've taken a lot of steps, including steps at the last two meetings. So we are being very aggressive in providing monetary accommodation.
I was asked before about conditions for further accommodation. Well, we are prepared to do that. And we will continue to observe how the economy evolves. You know, what we have is a projection. There's a lot of uncertainty there. And so it'd be very important to see, you know, what actually happens in terms of financial market conditions and economic growth.
But we are prepared to take further action, and we've already taken quite a bit of action, but we are prepared to do more, and we have the tools to do more if that's appropriate.
Again, while I do not shirk the responsibility of the Fed having to do what it can to meet its mandate, obviously a broad range of policies can affect growth and employment. And I hope that there will be a range of actions that will complement and supplement the Federal Reserve's efforts.