Examiners are only on site periodically at most community banks, so it is essential that when they are on site, they communicate clearly with management about supervisory concerns in order to help bankers make improvements as appropriate.9 Examiners need to  8  See Board of Governors of the Federal Reserve System (2011), “Federal Reserve Board Issues Final Rule on Annual Capital Plans, Launches 2012 Review,” press release, November 22.
The fact that inflation has approximated the objective during the last four months is a hopeful sign, since a similar pattern had not been achieved since 2006. This progress should be beneficial to expectations for the sustained feasibility of the inflation target in a context of economic growth.