jerome h powell : welcoming remarks - teacher town hall meeting welcoming remarks ( hybrid ) by mr jerome h powell, chair of the board of governors of the federal reserve system, at a conversation with the chair : a teacher town hall meeting, washington dc, 28 september 2023. * * * thank you, sarah, thank you to those in fed education who helped put together this event, and thank you to the teachers here and online who have put aside some of their planning time to listen and, i hope, also participate. if i were doing the grading, credit would always be granted for participation. we have scheduled this discussion with teachers well into the school year, partly to highlight the beginning, on october 1, of economic education month. at the fed, every month is economic education month, and we are glad to join in the celebration. it is, fortunately, a very different time for teachers than the one we faced in august 2021, the last time we held this discussion with educators. in the crisis of the pandemic, teachers were on the front lines. i know how overwhelming this challenge was for many of you, and the extent of your sacrifice, for which i thank you. and the crisis in many ways continues, as research confirms the educational deficits that students still suffer from the pandemic. in addition to the challenges they face, there are likely to be consequences for the economy and for society, in a generation of young people who may lack some of what they need to be well - informed and engaged participants in our economy and our democracy. addressing this legacy of the pandemic is a major public policy challenge, so now more than ever, teachers are crucial to america's future. a large majority of you are economic educators, a role that is of particular importance. as many of you know, the fed's ability to influence the economy depends to some extent on influencing the public's view of current and future economic conditions. when my colleagues and i publish our projections for the most likely path for the economy and interest rates, as we did a couple of weeks ago, one of our goals is to influence spending and investment decisions today and in the months ahead. that will only be the case if people understand what we are saying and what it means for their own finances. that's where you come in. by educating students about economics, not only are you providing them with valuable skills to manage their finances, and to improve their chances for future success

to check. our single currency is a key step within the on - going process of european integration. the euro banknotes have become the most visible symbol of that process. the euro has become moreover a symbol of solidarity in times of crisis, with the euro area assisting countries that have to go through tough but necessary adjustments. with the support of their european partners the spanish authorities have been decisive in embarking on a financial adjustment programme that has helped to clean the balance sheets of the weakest banks and recapitalised them with fresh funds. this has laid the foundations for a revival of the flow of credit to the real economy. allow me a personal remark, that i have the greatest respect for the spanish people who are experiencing hard times but are sticking to their commitments and responsibilities. ladies and gentlemen, i sincerely hope that you will enjoy visiting the new face of the euro exhibition. without further ado, it is a pleasure for me to declare the exhibition open. bis central bankers ’ speeches