Board of Governors of the Federal Reserve System

Watch Live Good afternoon. Thank you for the invitation to be here to ...enterprises—and then leveraging revenues from those enterprises to reinvest

Pay in 4” Loans Company Share Affirm 8% Afterpay/Block 38% Klarna 9% PayPal...PayPal 17% Sezzle 3% Zip 5% Notes: This figure shows the 2025 estimated

including securitization and asset management or administration) either

and/or high levels of parental education) increasingly spend more money...including meals, commuting, chores, and personal hygiene, at 15 percent

ments—including simple and implementable rules—in the realistic situation...including their innovations. Choosing the coefficients of this rule to

and your family) are better off, the same, or worse off financially? Response...including part time, evening, or weekend work? Response Percent No 80

and, more generally, the public interest. The Federal Reserve ■ conducts...and, as such, include some amounts that are based on management judgments

gap widens in the years when output growth runs below average. Productivity

including restaurants and bars, a discretionary category that suggests...and, in the past, has been a sign of weakness, but with labor force growth

pay their bills, and get to work and school, among other things, and their...and, in many cases, the ability to move to better, higher-paying jobs