The central bank's prolonged policy of very low interest rates has fueled a surge in consumer borrowing over the last several years -- most of that in the form of bigger home mortgages and home equity loans, but some in the form of higher credit card debt.
"While prolonged policy uncertainty could weigh on already weak investment growth, there could be an upside to growth from increased fiscal expenditure, especially infrastructure spending, and tax cuts," said Elena Duggar, associate managing director at Moody's.
However, there has been a prolonged research and policy debate on whether this policy ambition is realistic and, if so, would lead to the anticipated universal service coverage within and outside Africa [ 6- 8].
The situation is now parlous and will only be resolved by a prolonged period of policy stability and investment.
"The situation is now so parlous and will only be resolved by a prolonged period of policy stability and investment.
Conservative management is a prolonged nonsurgical treatment policy conducted by the general practitioner.
A prolonged argument on trade policy between Senators Clinton and Obama could put those voters in play again in the fall.
After spending a week in their states and districts with angry and frightened consumers, many lawmakers have returned to Capitol Hill convinced that Congress cannot afford a prolonged stalemate over energy policy.
But the country would be better served by a suitable dose of reality on the first day of a second presidential term, especially one that begins in the middle of a prolonged partisan fight over policy.
Ms. Yellen has expertly addressed those concerns, including the risks inherent in a prolonged low-interest-rate policy, though the most feared effect, inflation, is as yet nowhere in sight.
