Thank you for that kind introduction. I thought I might take 10 minutes to share how I’m seeing the economy. Let me caution these are my thoughts alone and not necessarily those of anyone else in the Federal Reserve System. As you well know, the Fed has moved aggressively against inflation. We have raised rates 525 basis points in just a year and a half. Hopefully, you agree we needed to take action because, if there’s one thing we have relearned over the past two years, it is that everyone hates inflation. High inflation creates uncertainty. As prices rise unevenly, it becomes unclear when to spend, when to save or ... (full story)