Good evening. I’m pleased to see my fellow economists and colleagues enjoying a long summer evening in the city in the best way possible—indoors and prepared for a robust discussion on the economic outlook. I’ve been looking forward to this conversation for some time. But before we turn to the discussion and Q&A, I’d like to take a few minutes at the start of the program to share my assessment of recent economic data and how it’s informing my outlook for the economy. Particularly, I’ll explain what the data are telling us in light of economic uncertainty, and how I expect the effects of tariffs to take shape. Now is ... (full story)