It is my pleasure to meet virtually with you today at the 2021 Institute of International Finance Annual Membership Meeting.1 I regret that we are not meeting in person, but I look forward, as always, to a conversation with my good friend and one-time colleague Tim Adams. But first, please allow me to offer a few remarks on the economic outlook and Federal Reserve monetary policy. Current Economic Situation and Outlook Indicators of economic activity and employment reveal that the economy continues to strengthen. Real gross domestic product (GDP) rose at a strong 6.4 percent pace in the first half of the year, and ... (full story)