With markets improving and the economy expanding, the FOMC has also indicated that it is tapering down its purchases of Treasury, MBS, and agency securities. But the cost of credit remains relatively high and its availability relatively limited for many borrowers.
10 There are situations, however, where microprudential and macroprudential goals do not fully align so that it is important to take into account the implications both for individual firms’ safety and soundness and also for the broader financial system.