Before ending, I’d like to reemphasize that I am quite optimistic about the path of the economy. While prices will run above our 2 percent target this year, I believe most of this increase will be transitory. After an exceedingly difficult year, we are poised to enter a robust and durable expansion.
We central bankers are facing similar challenges, be they finding the right monetary policy responses to developments in the real economy and financial sector or the introduction of a central bank digital currency – a topic that has been greatly occupying me.