Of  5  BIS Review 82/2000  the various efforts made toward this end, the BIS Committee on Global and Financial Systems that I have the honor of chairing, has been actively working, as its primary mission, to discover potential market vulnerability at an early stage and to propose remedial measures, often in collaboration with the BIS sister committees.
I expect underlying inflation to remain low, and, in my view, under these circumstances the Federal Reserve can remove its policy accommodation at a measured pace, consistent with its commitment to maintain price stability as a necessary condition for maximum sustainable economic growth.