Federal Reserve Board members, including the Chairman, of course, as well as senior staff, testify frequently before congressional committees on a wide range of topics. When I became Chairman, I anticipated the obligation to appear regularly before the Congress. I had not entirely anticipated, though, that I would spend so much time meeting with legislators outside of hearings – individually and in groups.
BSP’s policy actions Going forward, the BSP’s monetary policy stance will remain appropriately calibrated to support domestic economic activity, but will always be mindful of emerging risks to inflation. The BSP will also pursue the banking reform agenda to ensure that the banking system remains sound and globally competitive.