Jerome H Powell: The economic outlook Testimony by Mr Jerome H Powell, Chair of the Board of Governors of the Federal Reserve System, before the Joint Economic Committee, US Congress, Washington DC, 13 November 2019. * * * Chairman Lee, Vice Chair Maloney, and members of the Committee, I appreciate the opportunity to testify before you today.
So, how do we at the Bank of Canada deal with the uncertainty inherent in the models, indicators, and data we use when conducting monetary policy? 2  Responding to uncertainty As CFA charter holders, you'll be aware of Peter Bernstein's writings on risk. His advice is to treat uncertainty as a "friend" – "with care, consideration, and attention to consequences."