I would like to thank Burcu Duygan-Bump and Chiara Scotti for assistance in preparing these remarks, and Hannah Firestone for help with figures and tables. The Statement on Longer-Run Goals and Monetary Policy Strategy is available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/review-of-monetary-policy-strategy-tools-andcommunications-statement-on-longer-run-goals-monetary-policy-strategy.htm. The statements of the September and December FOMC meetings are available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.
Technology is affecting how Canadians make payments, so it will affect money too. To start with, Payments Canada is working with the Bank and with the major financial institutions to modernize our core payments systems. This will allow for wider access and more innovation.