I’m so pleased to be with you today. My parents were California state employees and lifelong credit union members. They taught me the value of saving at an early age, and I too am proud to be a lifetime credit union member. In fact, my first car loan was from a credit union. At the time, my mother admonished me that the point was to save for the future, not to borrow to buy a sports car. Alas, I was in my early 20s and had my own priorities. Now, as president of the New York Fed, I oversee an organization that has several important responsibilities—including implementing monetary policy. Today, I’m going to talk ... (full story)