And be sometimes several screens simultaneously. And were getting messages sometimes from the same person in different channels, and then tough figure out you have to figure out did this text message come first or did this email saying, no, im going to meet you at the movie theater, and then you have to look at the time stamps, and the past is mixed up with the future. Meanwhile, we have tremendous is access to the past. We know more about the lives of bach and beethoven and mozart and mahler and have zinn sky than any of them knew about their predecessors. We have instant access to all of their music. The music from our personal pasts, the music that we loved when we were kids, its as available to us as music from ancient times and music thats just being recorded yesterday. And it all gets mixed up together. So were in a kind of eternal present. You say that theres a philosophy in our society that we should live in the present. Thats exactly where we should be. But that doesnt really
<p><span>Thank you for inviting me to speak today. As many of you know, I have two roles at the Federal Reserve—my role as a governor of the Board and member of the Federal Open Market Committee (FOMC), where I participate in developing and setting monetary policy, and my role as the Vice Chair for Supervision, where I oversee our supervision and regulation of the banking sector. In keeping with the interdisciplinary spirit of this conference, I ll touch upon these different roles, and how they both promote a healthy economy.</span></p>
Rock-bottom stock prices at midsize banks are fueling concerns that depositors could get spooked, and short sellers are drawing much of the blame. But their persistence may be exposing a broader lack of confidence in the industry.
Since the sudden collapse of Silicon Valley Bank on March 10, unstable deposit funding has roiled the banking industry. Ideas on how to reestablish confidence include providing a temporary guarantee for all deposits, raising the deposit insurance limit and reviving an expired program that helped quell market panic in 2008.