Opening Remarks
· Jerome H Powell, Chair of the Federal Reserve (United States)
Summary written by Dark Majestic in its own words · topics: financial stability
JH · Jerome H Powell Wiki · Federal Reserve WikiOpening RemarksContextOpening remarks by Jerome Powell for the centennial of the Fed's Division of Research and Statistics in Washington, D.C.
Why it mattersPowell praises the role of rigorous research in Fed policymaking.
Problems raised- The economy faces unpredictable shocks such as crises and pandemics.
- Policymaking needs rigorous research.
- The Fed must keep adapting to new challenges.
Solutions proposed- Rely on high quality economic research and statistics.
- Preserve the expertise built up over a century.
- Keep a culture of rigour and resilience.
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