Of course, it should go without saying that I will keep a close eye on economic indicators—and their implications for the outlook for inflation and real activity and adjust my views on appropriate monetary policy accordingly. I would like to wrap up with a word on the financial sector.
The Federal Reserve and our colleagues at other agencies have now spent the better part of the past decade building out and standing up the post-crisis regulatory regime. At this point, we have completed the bulk of the work of post-crisis regulation. As such, now is an eminently natural and expected time to step back and assess those efforts.