fed speech, 2006-06-08
The Federal Reserve faces considerable challenges today in meeting the responsibilities that you have given us: for fostering price stability and maximum employment at a time of rapid change in the U.S. and global economies; for helping maintain a safe and sound banking system and stable and efficient payments and financial systems in the face of innovations in financial instruments and institutions; and for protecting and educating consumers as they take advantage of the greater variety and sophistication of financial instruments available to them.
Sentiment: neutral
Topic: mp_economic_activity