In addition, the members of the Governing Council (including the Executive Board members) observe a “quiet period” before monetary policy meetings. This means they avoid making comments or attending meetings that could influence expectations about monetary policy decisions in the seven days before a scheduled meeting on this issue.
At the same time, fundamental principles of supervision and regulation must be applied, including sound credit standards and on-site examinations, to ensure the safety and soundness of the financial sector. Finally, regulators should implement antitrust policy in a manner that will ensure competitive prices and services as the financial sector evolves and consolidates.