provision measures have improved system liquidity in the past weeks and stabilized broad funding conditions. however, risks to the growth outlook continue to be tilted to the downside and currently a ushaped recovery is expected. the challenge, therefore, is to provide tangible boost to the economy through the appropriate combination of fiscal response and monetary measures. rest assured, macroeconomic policy measures are in place to address downside risks associated with the covid - 19 pandemic. in line with this, the bsp will continue to work with market participants and relevant government agencies to ensure that its policy responses remain timely and appropriate particularly during these challenging times. thank you. 2 / 2 bis central bankers'speeches

grade, at the baldwin county social science fair, i took up the subject of sadie alexander's dissertation. collecting my own data and employing some of the data and discoveries of economics over the ensuing decades gathered at georgia college's library, i researched the major causes of african american unemployment. i remember that the local newspaper, the union - recorder, marked this occasion with a photograph of 12 - year old me. i sincerely hope that picture remains lost to history! i did not know it at the time, but this was the beginning of my interest in economics. i did not know it myself when i went away to college - ranging as far away as atlanta - and i did not know it when i graduated and was thinking about the appropriate field of graduate study. 3 / 4 bis - central bankers'speeches i figured it out, as it happened, at another place i never imagined i might get to - the slopes of mt. kilimanjaro in tanzania. i was hiking alongside a british economist who, by the end of that trek, had me convinced that economics possessed the tools to address some really big and important questions - questions, i realized, i had been excited and enthralled by since my seventh - grade research project largely done at georgia college's library. this economist also advised me on the higher - level math courses i would need to take to prepare to do a ph. d. in economics, and within months i moved back home and enrolled in the first of those math courses at georgia college. i relentlessly pursued the economic questions we discussed on kilimanjaro and related questions, in graduate school in california and then in moscow, where i conducted dissertation research on banking in pre - and post - soviet russia. i became a researcher and professor, teaching first at harvard university and then at michigan state university. while much of my research relates to various aspects of economic growth and innovation, i have spent time in various roles addressing why few women and people of color enter and advance in the economics profession, which is related to my research on patent teams. then, in 2022, i had the honor of being nominated by president biden to serve on the board of governors of the federal reserve system, whose decisions affect the entire economy and the well - being of everyone in america. it is a very wide circle that i have traced to return here today. and now that i have told you a little about the role gcsu has played in my