While strengthening the growth potential is mainly the responsibility of the government and its growth strategy as well as private entities and their actions in response to the growth strategy, there may be ways in which the Bank can help.
6 Janet L. Yellen, “Inflation, Uncertainty, and Monetary Policy” (speech at the “Prospects for Growth: Reassessing the Fundamentals” 59th Annual Meeting of the National Association for Business Economics, Cleveland, Ohio, September 26, 2017), www.federalreserve.gov/newsevents/speech/yellen20170926a.htm. -3-  We are committed to continuing Chair Yellen’s legacy.