Economic conditions remain resilient; however, the outlook is still clouded by significant uncertainty, especially as it relates to trade policy. Focusing on the Fed’s congressionally mandated goals of price stability and maximum employment, I see monetary policy as currently well positioned, and I supported last week’s FOMC decision to maintain the target range for the federal funds rate at 4¼ to 4½ percent. I believe a careful, patient, and highly attentive approach to monetary policy remains appropriate at this point, as we learn more about tariffs and other changes in government policies, and actively assess ... (full story)