This is my last official speech as Governor of the Bank of Italy. I end my term amidst a confused and dramatic situation at home and abroad on both the political and the economic fronts. When I took the floor in this venue six years ago, incidentally with a speech on growth, the situation was very different.
“Minutes of the Federal Open Market Committee, December 10–11, 2019,” press release, January 3, https://www.federalreserve.gov/newsevents/pressreleases/monetary20200103a.htm. Board of Governors of the Federal Reserve System and Federal Deposit Insurance Corporation (2019). “Final Guidance for the 2019 Resolution Plan Submissions by the Eight Largest, Complex U.S. Banking Organizations,” final guidance (Docket No. OP-1644), Federal Register, vol. 84 (February 4), pp. 1438–64, https://www.federalregister.gov/d/2019-00800.