Sustaining the high performance of the economy depends much more on what people in Minnesota do– along with those in Maine and Louisiana and Oregon–than it does on monetary policy. What do we mean when we say the economy is performing well?
Lastly, perhaps the most important consideration for the Finance Lab is how to encourage savings in the country, where particular emphasis may include increasing the awareness of individual savers across the country to understand the risks and returns associated with different avenues, and increasing retail investments in government debt papers and corporate bonds. Let me conclude by reiterating my best wishes for the Lab.