In my more than eighteen years at the Federal Reserve, much has surprised me, but nothing more than the remarkable ability of our economy to absorb and recover from the shocks of stock market crashes, credit crunches, terrorism, and hurricanes--blows that would have almost certainly precipitated deep recessions in decades past.
Joachim Wuermeling: Prospects for European monetary union Speech by Prof Joachim Wuermeling, Member of the Executive Board of the Deutsche Bundesbank, as part of the "Finanzwelt Europa"; series of talks hosted by the Landesbank Hessen-Thüringen and the Representation of the State of Hessen to the EU, Brussels, 11 October 2017. * * *  1.