However, if the economy were to overheat and inflation seemed likely to move significantly or  2  BIS central bankers’ speeches  persistently above 2 percent, the FOMC could readily increase the target range for the federal funds rate.
Personal contact and relationship building are important to community banking and, I believe, also to community bank oversight. We want, and need, to hear your questions and concerns. Last April, we invited the leaders of all Fed-supervised MDIs to a Leaders Forum so we could spend a day and a half building relationships and talking about the needs of MDIs.