Through my explanation, I hope to gain your better understanding on the Bank’s aims in its monetary policy management. II. Recent Monetary and Economic Conditions and the Bank’s Monetary Policy Management A. The Present Condition of and the Outlook for the Domestic Economy Let me first discuss the domestic economic condition.
Many of the community banks supervised by the Federal Reserve that entered the crisis with a supervisory rating of “1” or “2” – the highest ratings on the 1-to-5 scale used by bank supervisors – have managed to keep these ratings.