Federal Reserve staff has also developed guidance, some collaboratively with other banking regulators, to define expectations for information security and data breach management. Nine significant information security guidance documents have been issued since July 2001.
Moreover, the simulations suggest that inflation is currently a percentage point higher than would have been the case if the FOMC had never initiated a securities purchases, implying that, in the absence of such purchases, the economy would now be close to deflation. 11 Addressing some FAQs about the asset purchase program Has the program been effective in promoting the economic recovery?