It is an honor to participate in this conference commemorating the 100th anniversary of the founding of the Banco de Mexico. Gov. [Victoria] Rodriguez Ceja, thank you very much for inviting me. Let me note at the outset that the views I share are mine and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC). The Banco de Mexico is a leader in the global central banking community. In 1994, the bank gained policy independence, which strengthened its ability to contain inflation. For the people of Mexico, that outcome has supported economic and financial stability. And for the world, it’s ... (full story)