Thank you for the kind introduction, Imène [Rahmouni-Rousseau]. It’s great to see so many old friends, and it’s a real honor to give a keynote address at this important conference. As a policymaker, I have the opportunity to speak on a wide range of topics, but money markets are where I grew up as a central banker. So it’s a particular pleasure to take a deep dive into the more technical aspects of monetary policy implementation and to do so from the perspective of a policymaker rather than a practitioner. Let me note that the views I express are mine and not necessarily those of my colleagues on the Federal Open M ... (full story)