So the bottom line is that our role and responsibilities as central bankers remain intact in the globalised economy, but the performance of our tasks may be becoming more challenging. Concluding remarks For this reason, conferences like this one, bringing together academics and policy-makers from around the globe, are useful in developing common approaches to understand the fast-changing globalised world.
My topic today is “Five Questions about the Federal Reserve and Monetary Policy.” I have used a question-and-answer format in talks before, and I know from much experience that people are eager to know more about the Federal Reserve, what we do, and why we do it. And that interest is even broader than one might think.