Highlights rebounding from covid19 and Silicon Valley bank which was under the regulation of the San Francisco Federal Reserve. This is just under an hour. Good morning im director of the hutchens center at brookings i want to welcome everybody and pleased to have mary daily, president of the Federal Reserve bank of San Francisco with us today and mayor daily an economist joined the San Francisco fed in 1996. And she worked on a number of issues labor market dynamics, inequality and throws to be director of research and became president in 2018. Now shes one of 12 reserve Bank President s. And except for new york, the other 11 are sort of considered the same. But mary daily has the distinction her district because we do the lines in 1913 represents fifth of the nations population but unfortunately for her they dont do population waiting when you vote on the f1c. Maybe they should. [laughter] so president i wanted to start by talking a little bit about how do you read the economy right
Commission of that he is talking about to you about the development 8 that is paid of from you funds and to the Palestinian Authority and this is not the money that, for example, goes into humanitarian assistance, the also a 300000000 euros for food stamps, for social allowances, for medical equipment and things like that. This money is as far as we know, not concert yet. So the number of people, so to speak, in the, in the guys are in the west bank booster and have access to that money. And but you also have to say, this is not the, the us, not the only one is suspending things. Also the German Government of yours and government, they all declared today that they have been stopped at the Development Help of which normally it goes into projects like infrastructure, building, the building and things like that. And all and all that you is the biggest throw in the International Device since 1993, a point, 5000000000 years has been paid to the palestinian authorities and then also to the o
Which may be a couple of minutes because of the importance of this event in that it is the launch of what will be an Important New Initiative of the Aspen Institute. The launchingks of a new policy program of the institute that we are calling Cyber Security and technology. Obviously, a talk at that, unless you have been on a Desert Island the last six months, which actually sounds pretty good, you realize it will remain on the front pages and at the front of the National Debate for some time. Seeing some of the reporters in the room today, another sign of the centrality of this issue. We think that 2016 will likely be remembered the year in which Cyber Security really broke through the national consciousness, the coming not just a wonky i. T. Issue where we get reminders about the importance of our Computer Security to something that could actually be a threat to the american way of life. Cyber security, it turns out, is central to almost everything we do. It involves the way we bank,
Which may be a couple of minutes because of the importance of this event in that it is the launch of what will be an Important New Initiative of the Aspen Institute. The launchingks of a new policy program of the institute that we are calling Cyber Security and technology. Obviously, a talk at that, unless you have been on a Desert Island the last six months, which actually sounds pretty good, you realize it will remain on the front pages and at the front of the National Debate for some time. Seeing some of the reporters in the room today, another sign of the centrality of this issue. We think that 2016 will likely be remembered the year in which Cyber Security really broke through the national consciousness, the coming not just a wonky i. T. Issue where we get reminders about the importance of our Computer Security to something that could actually be a threat to the american way of life. Cyber security, it turns out, is central to almost everything we do. It involves the way we bank,