Regional President Speech

- FEDERAL RESERVE SYSTEM: ISSUES AND CHALLENGES Silas Keehn I. Major challenges facing the Federal Reserve system A. Maintaining sound financial and payments system in deregulated environment B. Conducting monetary policy to promote growth while avoiding inflation in the face of international monetary concerns and trade deficit financial system stress large and increasing corporate and consumer debt load federal fiscal budget deficit c. Implications for and importance of Fed independence II. Importance of economic education A. Economic issues in spotlight 1. Debated in Congress, discussed in news media 2. Everyone makes economic decisions daily B. Resolving the issues facing our nation, with the deficit a prime example, requires a well-informed electorate 1. To make well-reasoned judgments, our citizenry needs a solid understanding of the workings of our economic system c. On an individual level--with deregulation in general, and in particular in the financial services industry - there is likewise a need for a better informed consumer D. For us at the Chicago Reserve Bank, teachers are the key to developing an informed public, the ultimate goal of this Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bank's economic education program 1. We rely on you to prepare students for effective decision-making and citizenship. 2. We hope this course has stimulated your thinging about economic issues - provided you some added knowledge about how our economic system works provided you with some tools you can use in your classroom. 3. We appreciate your spending a week of your summer with us and wish you the best during this coming year in giving students a conceptual framework for making economic decisions in their lives. Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis

Silas Keehn (1988, November 20). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19881121_silas_keehn

@misc{wtfs_regional_speeche_19881121_silas_keehn,
  author = {Silas Keehn},
  title = {Regional President Speech},
  year = {1988},
  month = {Nov},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19881121_silas_keehn},
  note = {Retrieved via When the Fed Speaks corpus}
}