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Introductory Remarks

· Jerome H Powell, Chair of the Federal Reserve (United States)

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· Jerome H Powell Wiki · Federal Reserve WikiIntroductory Remarks

ContextIntroductory remarks by Jerome Powell at the 2023 Daniel Patrick Moynihan Lecture of the American Academy of Political and Social Science in Washington, D.C.

Why it mattersPowell honours Alan Blinder's work linking research and policy.

Problems raised
  1. Policymaking needs informed judgment.
  2. Central banks face uncertainty.
  3. Economic research must serve the public good.
Solutions proposed
  1. Honour the use of informed judgment in policy.
  2. Draw on academic work like Alan Blinder's.
  3. Combine research with practical policymaking.
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