I understand that the proceeds from this dinner will be used to support the work of the Bond Market Foundation, whose mission includes advancing the financial literacy of disadvantaged Americans. That this is a high purpose is beyond doubt.
Thus, today we can look forward to the future with greater confidence, as we can expect that the economy will recover and, under certain conditions, will enter into a new, virtuous circle. The economic and social costs of the adjustment have been and remain heavy. The citizens’ sacrifices have been very painful.