I thank John Carroll University for inviting me to participate in the Mellen Executive Speaker series. I always enjoy being on college campuses and feeling the vibe from all the learning going on. I had the pleasure of meeting with some John Carroll students earlier today, so I now feel better prepped for the upcoming question and answer session that will be moderated by Professor Frank Navratil. But before we get to that, since I have just returned from last week’s meeting of the Federal Open Market Committee (FOMC), the body that sets monetary policy in the U.S., I thought it would be helpful to briefly review the ... (full story)