Measures of inflation expectations are broadly in line with our own forecast, with longer-term expectations remaining well anchored on the 2% target. The Governing Council agreed it is paramount to ensure that higher near-term inflation expectations don’t migrate into higher longterm expectations and become embedded in ongoing inflation.
Mr Greenspan looks at the evolution of bank supervision  Remarks by Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, before the American Bankers Association, Phoenix, Arizona on 11 October 1999. *  *  *  I appreciate once again being invited to participate in your annual convention.