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"We're focused on delivering overall value for our customers with one clear eye on the medium term and the other on the long term," he says.
Convincing the market on the medium term growth model therefore remains key.
He said that businesses he had visited understood that any rises would be gradual, encouraging them to hire and invest with an eye on the medium term.
The Fed keeps its eyes on the medium term, like a driver steering a car down a highway, because its actions only gradually affect the economy.
So, understandably, retail investors and homeowners are unlikely to focus on the medium term when even in the short term any rate rise will have a significant impact for them.
America's new budget, which simply punted on the medium term, was a shocking failure in that regard.Equally important is a more explicit agenda to boost growth in the medium term.
Similar(51)
"However, on the issue of the medium term outlook, serious concerns remain about the viability of borrowing reductions.
Building new reactors is a key part of the coalition's plan to keep the lights on in the medium term when old coal and atomic power plants are coming to the end of their lives.
Spare capacity will press down on inflation in the medium term.
That, in turn, should help it achieve its target of a 20% return on equity in the medium term.
Nevertheless, the effect on soil in the medium term is not significant.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com