Thank you, Adam, and thank you to Peterson for the opportunity to speak to you today. Before I begin, let me remind you that the views I will express today are my own and are not necessarily those of my colleagues in the Federal Reserve System. I will take this opportunity to share with you my outlook on the U.S. economy and some upside and downside risks to which I am paying special attention. Also, I will review past monetary policy cycles and discuss what lessons we may learn from them. With that, let me turn to my outlook for the U.S. economy. Aggregate Economic Activity Growth in real gross domestic product in ... (full story)