In fact, I will take a few minutes on this happy occasion for a discussion of economic conditions and policy. I will first explain what the Federal Reserve will be doing to ensure the best possible performance of the economic system that you are about to enter. Then, I will discuss some steps that you can take to navigate better in that wider world.
Let me highlight some other topics and presentations of this conference which are of great interest for me as a policy maker and practitioner. We have presentations on the application of text analysis to better understand historic financial crises and to assess bank networks during the Covid crisis. The development of new tools is what drives science forward.