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Jefferson: Opportunity and Inclusive Economic Growth
Good morning, and thank you. It is a pleasure to be here. I would like to use my time today to answer the question posed by the title of this session: What can the Fed learn from research on opportunity and inclusive growth? But, first, let me remind you that the views expressed are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Some of the Fed's purview—including consumer protection, community development, and financial stability—can help to support inclusive growth. But monetary policy cannot address these issues directly. I do, ... (full story)