It’s almost a matter of „damned if you do, and damned if you don‟t‟. Whichever decision the Fed takes, clear communication will be vital in influencing the market impact, something that has received increasing attention in monetary policy since the financial crisis. China adds another dimension Amidst this highly uncertain monetary policy backdrop, China has added another twist.
Although the responsibility for having sound contingency plans lies with the management of the depository institutions, we recognize that Federal Reserve preparations to deal with potential customer problems are an important component of our business resumption planning.