loosen

The Fed, however, would likely limit its actions to coaxing short-end rates lower, he said, not loosening financial conditions more broadly by restarting “quantitative easing” focused on longer-duration assets.

Suren Thiru, economics director for the Institute of Chartered Accountants in England and Wales, said the figures may be enough "to push a majority of rate-setters to authorise another policy loosening".

Burns says that was all part of figuring out “how to loosen the barnacles of sentimentality that have encrusted themselves” on the war.

Under the program, he has loosened foreign-exchange controls for companies and provides tax stability for 30 years while reducing the corporate tax rate.

When the first wave pulled back, the debris around him loosened and sank, and he was able to climb onto a nearby roof.