It cannot solve all of our economic ills, and attempting to do so can be quite dangerous for economic stability.1 I anticipate moderate but above-trend growth of around 3 to 3½ percent for the remainder of this year and next.
This will be challenging not only for the sheer technical complexity, but also because we have to strike two balances at once: The first balance is to maintain the incentives for fine-tuned risk measurement and management on the one hand, while improving the checks and balances on risk models on the other.