Hello, everyone, and welcome to the 10th Annual U.S.
Treasury Market Conference.
Much has changed in the economy since we first gathered in 2015—but the importance of the U.
S. Treasury market has not.
It is no exaggeration to say that the Treasury market is part of the bedrock of our economy and indeed of the world economy.
See Interagency Working Group on Treasury Market Surveillance, Joint Staff Report: The U.
S. Treasury Market on October 15, 2014 (PDF) (Washington: Interagency Working Group, July 2015).
See Jerome H. Powell, "Opening Remarks" (speech at the 2015 Roundtable on Treasury Markets and Debt Management: Evolution of Treasury Market and Its Implications, New York, NY, November 20, 2015).
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