This direct support can make a critical difference not just in helping families and businesses in a time of need, but also in limiting long-lasting damage to our economy. I want to end by acknowledging the tragic events that have again put a spotlight on the pain of racial injustice in this country. The Federal Reserve serves the entire nation.
Among other factors, the fires in Northern Alberta, which have been costly for many, represent a sharp, but temporary, hit to the economy.