Still, given the initial conditions, we have to be concerned that as we ease to mitigate the risks of a persistent slowdown or recession we do not at the same time create conditions that would lead to higher inflation as the expansion gathers momentum. VIII. Conclusion  As I noted earlier, it is always important to learn or relearn valuable lessons from experience.
Nothing in this structure was changed by the recently enacted Gramm-Leach-Bliley Act. The challenges of supervising large, complex banking organizations raise yet again the question of how to make the supervisory structure mandated by the Congress work efficiently and in the public interest.