Thank you for that kind introduction and for having me with you. You may know that the last time the Fed tackled high inflation, in the ’80s, homebuilders sent Paul Volcker two-by-fours inscribed with the message: Lower interest rates. I look forward to hearing from you today but am hoping you checked your lumber at the door. To set up our discussion, I thought I might share how I am seeing the economy. Let me caution these are my thoughts alone and not necessarily those of anyone else in the Federal Reserve System. As you well know, the Fed has moved aggressively against inflation that was way too high. We have ... (full story)