We will look to our existing partners—and, hopefully, many new ones— to guide us toward a common understanding of what our role should be. By embracing this process—and taking the time to do it right—we hope that the Bank can take a meaningful step toward building trust and strengthening our relationship with Indigenous peoples.
I’ll kick things off with some basics about the Federal Reserve System and the Federal Open Market Committee (the FOMC). But the plan is for us to spend the bulk of our evening on your questions.