Good morning and thank you for the invitation to join you today.1 It is a pleasure to be with you here in Boston at the New England Economic Forum to share my outlook on the economy and monetary policy, and I would like to thank Kathleen Murphy, the CEO of the Massachusetts Bankers Association, for inviting me to speak at your first economic forum. I am also grateful for the kind introduction from Susan Collins. I greatly value her perspective, and I appreciate the opportunity to work closely with her as president of the Federal Reserve Bank of Boston and as a fellow member of the Federal Open Market Committee ... (full story)

Comments from the Fed Governor. We haven't heard much from Bowman since she was ruled out as a candidate for Fed Chair. • U.S. economy has been resilient • Wage growth consistent with 2% inflation • Fed has made considerable progress in lowering inflation • Underlying inflation levels closer to Fed's 2% target • Says she is concerned about labor market fragility • Firms may start shedding workers unless there is demand improvement • Expects 'solid' growth, lower inflation and stabilizing job market • Given risks, Fed policy should be focused on supporting job market • Fed policymaking should be forward looking and ... (full story)