I decided to take advantage of your presence tonight to speak about the benefits of economic and financial education and about why such education matters to the Federal Reserve. I also want to spend a few moments examining the importance of focus and clarity in our goals and expectations.
Some are large, complex highly integrated global financial institutions with activities spanning a range of sectors. Others may have a global customer base but are simpler commercial banking operations. Yet a third category is entities that are large at a domestic or regional level but nonetheless globally interconnected through wholesale funding markets.