Total CPI inflation would be quite close to zero were it not for exchange-rate effects and some additional one-time factors. Core inflation is a little over 2 per cent, but it is also being boosted by exchange-rate effects and other one-time factors.
By "not too big to fail" I mean that stockholders can lose all of their investment, that existing managers can lose their jobs, that uninsured creditors can suffer losses, and that the institution can either be reorganized or be wound down and possibly sold, in whole or in part, in an orderly way.