Today, I’d like to discuss my outlook for the U.S. economy and my views on risk management and credibility in monetary policy. Of course, my comments reflect my own views and not necessarily those of the Federal Reserve System or the Federal Open Market Committee (FOMC). Let me begin by laying out my main points: We made good progress toward our dual mandate goals in 2018. Growth was strong, the unemployment rate declined further, and inflation picked up and is now near our 2 percent objective. Looking ahead, the fundamentals for growth in the U.S. remain good. If the economy performs as I expect, in 2019 we should ... (full story)