In my remarks today, I would like to offer some perspective on the challenges created by the interaction of new technologies with the skills of the American workforce, and how the educational system has in the past and can in the future respond to these challenges. The process of innovation is, of course, never ending.
Firms are finally beginning to enjoy an environment in which they can show their entrepreneurship, or “animal spirits.” The Bank has decided on the QQE policy. The policy will support those who try to make progress in the real economy from the financial side, and help achieve sustainable economic growth through price stability. The Bank has moved further into uncharted territory.