Finally, the simulation analysis certainly overstates the FOMC’s current ability to respond to a recession, given that there is little scope to cut the federal funds rate at the moment. But that does not mean that the Federal Reserve would be unable to provide appreciable accommodation should the ongoing expansion falter in the near term.
We could not leave out of the exhibition the important stories of the 11 inspirational women who were also considered for the bank note. These remarkable women overcame barriers, created significant change and left Canada better because of their contributions. Soon, many Canadians will carry a Viola Desmond note in their wallets. But the lessons of her life must continue to be told.