But there is no reason to assess the situation that pessimistically, since there are effective ways of counteracting these risks. 1. Information measures can be used preventively at this stage. Consumers are to be informed already prior to the introduction of the currency about the design of the euro and especially about the security features.
For release on delivery 12:15 p.m. EST March 7, 2019  Navigating Cautiously  Remarks by Lael Brainard Member Board of Governors of the Federal Reserve System at the Julis-Rabinowitz Center for Public Policy and Finance and the Bendheim Center for Finance Woodrow Wilson School of Public and International Affairs Princeton University Princeton, New Jersey  March 7, 2019  While our economy continues to add jobs at a solid pace, demand appears to have softened against a backdrop of greater downside risks.