5  See Board of Governors of the Federal Reserve System (2009), “Federal Reserve, OCC, and FDIC Release Results of the Supervisory Capital Assessment Program”, press release, May 7; and Board of Governors of the Federal Reserve System (2009), “Federal Reserve Board Makes Announcement Regarding the Supervisory Capital Assessment Program (SCAP)”, press release, November 9.
4  BIS Review 162/2009  keep inflation subdued, and indeed, inflation could move lower from here. However, as the recovery strengthens, the time will come when it is appropriate to begin withdrawing the unprecedented monetary stimulus that is helping to support economic activity. For that reason, we have been giving careful thought to our exit strategy.