In these circumstances, I think policy action can await convincing evidence that labor market slack is on a declining trend and that inflation is no longer decreasing. I would note that patience in policy action can take several forms. One form would be to wait before taking any action; another would be a damped trajectory for the funds rate once tightening begins.
Banking is about risks. You must take risks but you must be aware of the risks that you are taking. The Central Bank may not know the risks, but you as bankers know your clients. We look at systemic risk but the risks of your bank, the threats to your business model, that's your business.