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Unanticipated stimulus, however, would be no stimulus at all.
At the time she said she was "particularly concerned about excessive stimulus at this stage".
The Fed surprised economists last month when it decided to continue its stimulus at current levels.
But China has additional stimulus at the ready in the event that trends worsen.
It also held its program of economic stimulus at £375 billion, or about $568 billion.
This time, almost the entire world will be withdrawing its stimulus at once.
Is it realistic to think that any stimulus at all is possible on the fiscal side?
Indeed, judging by recent experience, it is no kind of stimulus at all.
"It is arguable that the domestic economy is in need of any additional stimulus at this point.
"Reducing the expectations from the session and adjusting the training stimulus at these times is important," he says.
So to sum up, we do not expect the MPC to expand their monetary stimulus at the August meeting.
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