Today I will offer a few thoughts on the position of the economy, the stance of interest-rate policy, and what I expect in a normalization phase. As always, these will be my personal views and may not reflect those of my colleagues here or other colleagues on the Federal Open Market Committee (FOMC) or in the Federal Reserve System. We are four weeks away from the December meeting of the FOMC. I won't predict the outcome. There are more data points to evaluate over the next four weeks. I will be processing that information to see whether the incoming data change my sense of the health and momentum of the economy—said ... (full story)