I then emphasized that, with this path, it was important that the year-on-year rate of change in the CPI rise above 1 percent during fiscal 2014.
In its most recent review of the banking law - the Gramm-Leach-Bliley Act the Congress gave the Federal Reserve umbrella supervisory authority for the new financial holding companies as well as preserving its authority for bank holding companies and for member banks chartered by the states.