At the same time, uncertainty is growing on the markets around the globe and the confidence of the general public is at risk of becoming lost. This makes it all the more important to find a consistent approach to resolving the crisis in order to restore calm to the markets and to maintain the public’s confidence in the single currency.
And speaking of service: It is fitting that this award for excellence in community development will today and thenceforth be given in honor of Janet Yellen. During your tenure as Chair, Janet, you elevated the importance of economic and financial inclusion and the Fed’s role in community development. You reminded us that an inclusive economy is a vibrant economy.