That being said, the U.S. economic policies and their impact on global financial markets warrant attention, and geopolitical risks also could exert downward pressure on economic activity. The Bank will continue to pay close attention to both upside and downside risks. II. Price Developments and Their Outlook Price Developments Now, I will move on to price developments.
These challenges notwithstanding, regulators have made some progress in addressing instances of implicit support that played a major role in the last crisis. Let me mention two examples. The first involves the implicit support associated with the provision of intraday credit by clearing banks in the tri-party repo market.