i'm grateful to the talented and dedicated team at the federal reserve with whom it has been my great privilege to serve over the last decade. my predecessor, secretary janet yellen, left the fed in stroong position to meet every challenge, and i'm thankful for her leadership, her example and her friendship. when video hit our showers -- shores, american businesses were ten years into expansion with a robust jobs market that was reaching those traditionally left out. the pandemic brought an immediate and painful recession. fortunately, american resilience along with strong policy actions and vaccines that enable the economy's reopening, cushioned the blows and set the stage for a strong recovery. today, the economy is expanding at its fastest pace in many years. carrying the promise of return to maximum employment. challenges and opportunities
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