Thank you, President Mester, and thank you to the City Club for inviting me to speak today. I am aware of the club's history and its tradition of promoting the free exchange of ideas, and I will do my best to allow plenty of time for your questions, which I understand are an important part of that tradition. Communicating with the public is an important part of my job. A few weeks ago, I held a news conference after the latest meeting of the Federal Open Market Committee (FOMC). Next week I will deliver the Federal Reserve's semiannual report on monetary policy and answer questions from members of Congress at public ... (full story)