But these demographic forces are still not large enough to account for most of the decline in 6  BIS central bankers’ speeches  the employment-to-population ratio that I’ve described. One way to see this – but not the only way – is to focus on people who are outside the normal retirement age.
Today’s meeting is part of a series of more than 40 such gatherings that the Federal Reserve System is conducting across the country. Entitled Addressing the Financing Needs of Small Businesses, these forums are designed to elicit ideas and information that will help the Federal Reserve and others respond effectively to both the immediate and longer-term concerns of small businesses.