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Opening Remarks

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

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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the Hoover Institution's George P. Shultz Memorial Lecture Series at Stanford University.

Why it mattersThe Fed Chair honours George Shultz, mixing principles and practical problem-solving in public policy.

Problems raised
  1. Policy debates often become absolutist.
  2. Markets sometimes fail.
  3. Discrimination remains a problem in society.
Solutions proposed
  1. Combine strong principles with practical problem-solving.
  2. Address market failures with public policy when needed.
  3. Follow George Shultz's example of integrity.
Read full speech on federalreserve.gov ↗

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