Good morning. I would like to thank the American Enterprise Institute for the invitation to speak with you today, and I look forward to an engaging discussion with Michael Strain.1 The AEI is dedicated to advancing free markets and improving lives, for example, by focusing on growth, jobs and inflation. AEI scholars have emphasized the importance of basing monetary policy decisions on economic facts and data—rather than the political needs of the moment. That is the cornerstone of central bank independence. History has shown that countries with independent central banks have better outcomes in terms of stronger ... (full story)