John Hurley: Protecting the stability of the Irish financial system Statement by Mr John Hurley, Governor of the Central Bank & Financial Services Authority of Ireland, Dublin, 3 October 2008. *  *  *  The Government decision to guarantee depositors in and lenders to Irish financial institutions was taken to protect the stability of the domestic financial system.
Not a recommendation from the staff, the briefing is instead a vehicle against which FOMC members can test their own thinking. Finally, after hours of discussion and analysis, the Chairman speaks on the policy choice for the first time. Until this point, his participation in the meeting has usually been limited to questions and to comments aimed at keeping the meeting moving.