Thank you, Robin, and to the students, advisers, and others who are our guests today, welcome to the Federal Reserve. I'm glad I could be here this morning for these finals of the College Fed Challenge, which the Federal Reserve Board is hosting for the 22nd year. The challenge for students on the six teams competing today is to prepare and present a monetary policy recommendation that will best promote the Federal Reserve's dual mandate of stable prices and maximum employment. Let me begin by congratulating the students and advisers of the teams who will face each other today, representing the University of Chicago, ... (full story)