As we did before our September 30 announcement of altered U.S. implementation plans, the U.S. banking agencies continue to work with institutions and foreign supervisors to minimize the difficulties in cross-border implementation. Our support includes extensive discussion with other countries in the Basel Accord Implementation Group, specifically formed to help address home-host implementation issues.
It makes sense to use all of the tools at our disposal when it comes to increasing growth, which will also result in inflation moving towards levels close to 2%.