Thanks for that kind introduction. I thought today I would give you my perspectives on the U.S. economy. These views are mine alone, and not those of anyone else on the Federal Open Market Committee (FOMC) or in the Federal Reserve System. A year ago today, I stood before a group like this one and described navigating last year’s economy as trying to drive through fog. Major government policy changes — trade, immigration, regulation, and fiscal — were all happening at once. It was hard to see the path ahead. Businesses reacted as you would think. When you drive through fog, you don’t want to put your foot on the gas; ... (full story)