Thank you for that kind introduction, Ellen [Meade]. It’s great to be here at Duke and to have a chance to talk about monetary policy with one of my favorite former Federal Reserve colleagues. Today, I’d like to discuss the progress we’ve made toward the Fed’s macroeconomic goals, as well as the risks ahead. The views I share are mine and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC). As you know, inflation surged in 2021 and 2022 on the heels of the economic disruptions from the pandemic. The annual change in the price index for personal consumption expenditures (PCE) peaked at ... (full story)