When I accepted his offer, I promised the president I would do my very best, working with my Fed colleagues, to help restore the health of the economy and promote a strong and stable financial system. I am repeating this promise, in this distinguished company and to all others listening because that is what this ceremony is about.
The oath I have affirmed, identical to the one taken by everyone serving the Federal Reserve, is a public promise to carry out my duties guided by no interest other than the public’s interest. Today’s event comes, as many of you know, a busy month after I began my duties as Chair.