Overall, as regards the economic policy action taken during the acute phase of the corona virus crisis, it is important that the economic policy measures are implemented swiftly and that they are targeted precisely at those affected by the crisis. Central to this are not only the decisions of the central bank but also, naturally, those taken by governments.
*  *  *  On behalf of the Federal Reserve System, I am pleased to be here at the second in a series of outreach meetings designed to hear your comments and suggestions about reducing regulatory burden on insured depository institutions.