The source of that stability is open to debate, but the fact that the Fed has kept inflation relatively low and stable for three decades must be an important part of the explanation. Expectations that are not stable, but instead follow actual inflation up or down, would allow inflation to drift persistently. In the recent period, movements in inflation have tended to be transitory.
It is envisaged that the mandate of the Deposit Insurance Fund will be expanded to cover credit unions. Credit unions will need to build the necessary capacity to operate effectively in line with the new regulatory requirements. I would like to identify four areas: Firstly, members will need to understand the provisions of the draft new legislation.