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Incentives and Banking

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  • Alfred Broaddus

Abstract

It's a pleasure to be with you tonight. Bryce has welcomed you on behalf of the Powell Endowment. Let me add my welcome on behalf of the Federal Reserve Bank of Richmond. We're delighted and honored to have you here in our city, and we are very happy to play a role in this important conference. And when I say 'important' I really mean it. I've been an economic policy adviser and, more recently, a policymaker, in the Fed for almost 30 years, and I can tell you that from my perspective economic literacy - or more precisely, the lack of it - is a major problem in our country. Teachers like you truly are on the front lines in the battle to correct this problem. We at the Fed salute you; we're proud to know you; and we hope this conference will help you in the worthy work you are doing.

Suggested Citation

  • Alfred Broaddus, 1999. "Incentives and Banking," Speech 101490, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101490
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    File URL: https://www.richmondfed.org/press_room/speeches/j_alfred_broaddus/1999/broaddus_speech_19990926
    File Function: Speech
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