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Evans: On Risk Management in Monetary Policy
Thank you for the invitation to speak to you this morning. It’s good to get out of Chicago and into the heartland. Yesterday, I met with business people from the area and heard their insights into the economy. Later this morning, I will be touring the Jump Simulation facilities to learn about their efforts to transform health care. This promises to be very interesting. Today, I want to discuss my outlook for the economy and the appropriate stance for monetary policy. In doing so, I will touch on some constraints on what monetary policy can achieve and the importance of risk-management considerations in formulating ... (full story)
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