Thanks for that nice introduction. I really enjoy kicking off the new year with an audience like this. It gives me an excuse to reflect on the prior year and a reason to lay out my perspective on the year ahead. So, that’s what I’ll try to do today. I caution these are my thoughts alone and not those of anyone else in the Federal Reserve System. I look forward to your questions and input. You know the big picture. Inflation spiked coming out of the pandemic, and if there is one thing we’ve relearned in the last few years, it is that everybody hates inflation. High inflation creates uncertainty. As prices rise ... (full story)