Jerome H Powell: Celebrating excellence in community development

Speech by Mr Jerome H Powell, Chairman of the Board of Governors of the Federal Reserve System, at the Inaugural Janet L. Yellen Award for Excellence in Community Development, Washington DC, 3 December 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
06 December 2018

Thank you, Anna. It's an honor to be part of this important occasion. Tonight is an opportunity to recognize the vital contributions of the Federal Reserve's community development staff, and an opportunity to honor Chair Yellen, who did so much to advance the Fed's community development mission.

Briefly, I would like to focus on the importance of promoting a strong economy that extends opportunity to all and on the role our community development staff plays to advance that goal.