As we continue to recover, the “vast influence of accident” can only grow, with consequences that can disproportionately fall on the most vulnerable. 17 However, we can do more than just wait and hope that the path out of the COVID event is smooth.
We can work to ensure the financial system is resilient enough to support consumers, households, and businesses, and we can recommit ourselves to supporting the economy through the completion of the recovery. The work we undertake to learn the lessons of the past year is a critical step in upholding that commitment. Thank you. I look forward to your questions.