Today, I have discussed some problems resulting from changes in the financial system that central banks face and how they should respond. Despite the various efforts I have outlined, the probability of a financial crisis occurring can never be reduced completely to zero. With this in mind, a central bank should enhance its crisis management ability.
This is particularly important in Indian Country. The Federal Reserve has built an enduring and sturdy bond with the National Center, and we value that partnership. We are excited to be participating in this year’s conference, learning alongside you. There is undoubtedly more research and engagement to be done on the specific and unique economic needs of tribal nations and Indigenous communities.