Also, in the developed world inflation targeting is an important objective of Central Banks. Indeed, noted economist Ken Rogoff and others have pointed out that to the extent that globalisation increases the degree of competition, it can reduce the “inflationary bias” or, to put it differently, it can strengthen the anti-inflation credibility of a central bank.
Your efforts to open these opportunities to your students, and similar efforts across the country, contribute tremendously to maintaining a strong and capable workforce. After this session closes, I look forward to speaking with students who have participated in community college training programs, and succeeded as a result. Their insights will be very helpful as we collectively think about workforce development issues.