Good afternoon and, once again, welcome to the Federal Reserve Bank of Philadelphia. My thanks to you all for being here, to Paul Laux and all the other organizers from the University of Delaware for leading the effort organizing this conference, and to my colleague Vitaly Meursault for his leadership on behalf of the Philly Fed. If there’s one thing I’ve learned during all my time as president and CEO of the Philly Fed, and before this as president of the University of Delaware and dean of the Wharton School at the University of Pennsylvania, it’s to never speak more than necessary, especially when lunch is ... (full story)