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All this was achieved while maintaining low inflation.
Maintaining low interest rates for private bank loans has been one of the main arguments for reducing budget deficits.
"My main criteria is... somebody who understands they've got a dual mandate" between maintaining low inflation and full employment.
Producers also seem to have failed in managing the price of oil and maintaining low volatility.
"Maintaining low inflation rates in Estonia will be very challenging," it added.
It received tax breaks and other incentives in return for maintaining low rents.
The financial crisis has amply demonstrated that maintaining low inflation does not guarantee economic stability.
But he cautioned that maintaining low rates for "too long" could bring on inflation.
He said the Fed should commit to maintaining low interest rates until unemployment drops below 7 percent.
Maintaining low taxes on profits and capital gains, and indeed cutting those taxes further, are, however, sacrosanct.
"Maintaining low market interest rates is also crucial in an economy as indebted as the UK; it smoothes the process of deleveraging".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com