Good morning, everyone. I’m so pleased to be here with you today. As it says on my CV, monetary policy under uncertainty has been my primary area of research. And after 30 years in central banking, I can unequivocally say: Uncertainty is the only certainty in monetary policy.1 Today I will discuss the economy and monetary policy in the context of a changing and uncertain landscape. I’ll talk about global inflationary trends, inflation expectations, and how the Federal Reserve is working to achieve its dual mandate of maximum employment and price stability. Before I go further, I must give the standard Fed disclaimer ... (full story)