As I have stated earlier, the rate of change in the CPI may temporarily be around zero or even slightly negative in the short run depending on developments in the prices of crude oil. Also, it is possible that the sensitivity of prices to higher rates of domestic resource utilization may have been reduced due to the progress of economic globalization.
Those critical services should be highly resilient. But at the same time, some of the solutions in place to improve the resiliency of those critical services may actually contribute to a cyber event. One example would be the replication of bad data across data centers. As the Federal Reserve thinks about its financial stability mandate, this concern will be a particular focus.