Because inflation expectations play a key role in the setting of prices and wages, firmly anchored inflation expectations can help avoid both of these outcomes. To help anchor inflation expectations, the FOMC is now providing extended projections of inflation – along with growth and unemployment – in its quarterly economic projections.
This may require also a common terminology as regards for instance the types of reorganisation measures to be used for financial institutions. 2  BIS Review 33/2010  Second, as regards bank resolution, a priority is to pursue an enhanced and more coherent framework for the action of supervisory and resolution authorities.