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<p><span>Thank you very much for inviting me to be part of the H. Parker Willis Lecture Series. As you know, Dr. Willis was a distinguished professor here at Washington and Lee University. Among many other accomplishments, he helped create the Federal Reserve System. He served as the first secretary to the Federal Reserve Board from 1914 to 1918 and later as the first research director.</span></p>
Speech by Mr Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, at the Center for Financial Stability, New York, 19 November 2021.