Of course, I now find myself actually in the job I was dreaming of while sitting in Doug’s macro class 38 years ago. I’m quite sure Doug would never have forecast that. In fact, he was rather hoping I would land in academia. But as a central banker, it would be unusual for me to give a lecture on fiscal policy per se.
Banks must respond to emerging threats by adapting risk-management practices, engaging with regulators and law enforcement when an attack occurs, and participating in training and exercises to ensure cyber preparedness. As I have noted in the past, the Federal Reserve continues to work closely with banks to support these efforts.