Thank you. I’m delighted to be here. My remarks today will focus on a question that garners a great deal of attention for those who follow Fed policy. It is a question about whether the current level of inflation is too low. Of course, understanding the drivers of inflation dynamics is an essential part of the Federal Open Market Committee’s (FOMC) work. As central banks have done in other countries, the Federal Reserve announced last November its plans to review its monetary policy strategy, tools and communications practices. This review strikes me as appropriate given the changes that occur over time in our ... (full story)