For the most part, these policies are outside the remit of the Federal Reserve, but monetary policy can contribute by supporting a strong and durable expansion, in a context of price stability. Conclusion How should we think about the performance of our economy since the Crisis? The picture is mixed, and that question will no doubt be debated in the decades ahead.
Nonetheless, I am very happy that the hand of fate has led to my speaking here today, two days after the government’s decision to appoint me as Governor, and economic advisor to the government, because I believe that this Conference deals with one of the most important issues on the socioeconomic agenda in the State of Israel.