Over these next two days, you will hear about the use of new tools and nontraditional data sources and what they say for the assessment of inflation and the labor market; about the use of new methods for forecasting; and about extracting information from text and using textual analysis to evaluate regulatory complexity and understand central bank communications.
I prefer to continue to be the Governor, who all armchair economists say disrupted the foreign exchange market, because of improvements I know will benefit you and the entire country in the long run, than the one who tried to get everyone to like him and make friends by playing loose and fast with the country’s foreign exchange reserves.