Good afternoon, thank you for the invitation to join you for the Consumer Bankers Association's CBA LIVE 2026, and for Lindsey Johnson and CBA's leadership in the industry. We have been busy at the Federal Reserve and the other prudential regulators over the past 9 months, so today, I would like to share my thoughts on some of this work.1 Congress has given the Federal Reserve a dual mandate, to promote maximum employment and stable prices. But while monetary policy can support achieving the economic conditions necessary to reach these goals, we all know that the Fed doesn't create jobs in the economy—businesses do. ... (full story)