I am pleased to be back with you today to participate in this annual economic symposium hosted by the Houston Baptist University and the Federal Reserve Bank of Dallas. These are challenging times for economic policymakers, and there are many issues currently facing our nation’s central bank. One of them is the Year 2000 computer problem, and that is our subject for today.
Much has been written on this topic, and I am sure that everyone here is familiar with the basic issue - specifically, that information generated by computers may be inaccurate, or that computers and other electronic systems may malfunction because they cannot correctly process Year 2000 dates.