I’ll set out three areas in which financial institutions and regulators should do their part to address these issues, although the issues are complex and multifaceted, and there are no easy solutions. First: Eradicate discrimination in lending and other financial services, and protect consumers from other unfair, abusive, or illegal practices.
Of course, forecasting is a hazardous business, even in the best of times, and we should all take any economic forecast with at least a grain or two of salt – if not more. So it is important to recognize that there are some obvious risks to the growth forecast.