This places new demands on the business and technology architectures of PMIs and RTGS systems in particular. To move closer to providing access to the RTGS for longer durations, the customer timings have been recently extended. There has been a growing demand for providing wider access to the RTGS system and allow participation of non-banks.
3 Nonetheless, recent data on claims have shown some softening, and I will be watching a broad set of labor market indicators carefully, including the payrolls data for February, which will be released tomorrow. Just as the economy is performing well on the maximum-employment goal set by the Congress, it is also close to meeting our price-stability mandate.