Good morning. I would like to thank the Peterson Institute for International Economics for the kind invitation to speak with you today. I am especially looking forward to an engaging discussion with Esther George. I have long admired her exemplary service to the nation as president and CEO of the Federal Reserve Bank of Kansas City. She set a high bar for every Fed official. Before taking Esther’s questions, I would like to begin by offering a few observations about economic conditions and monetary policy. These are my personal views and not necessarily those of other FOMC participants. Economic Outlook and Balance ... (full story)