Silver: Breakout Imminent or Blow-Off Top?

Fed's Paulson: Still more concerned by the labor market than inflation FED’S PAULSON: INFLATION TOO HIGH, JOB MARKET ‘BENDING, BUT NOT BREAKING’ FED’S PAULSON: CURRENT FED POLICY ‘SOMEWHAT RESTRICTIVE,’ SHOULD MODERATE INFLATION Economic Outlook Thank you, John. And thank you, Mike. I’m looking forward to taking your questions in a few minutes. It is great to be in Wilmington, and I want to thank the Delaware Chamber for inviting me to speak today. This is my first time in Delaware since joining the Philly Fed back in July. I have heard a lot about how the Philly Fed has benefited from productive relationships with many of you over the years. I look forward to many years of continued partnership. Before we jump into the Q&A, I’d like to take a few minutes to describe how I see the economy and what this means for monetary policy. With the end of the year quickly approaching, this is a good time to take stock, looking back at how the economy has evolved over the last year or so and also at what may lie ahead. Before I begin, let me remind everyone that these are my own views and do not necessarily reflect those of my colleagues on the Federal Op