The Economic Outlook and Monetary Policy Communications (Federal Reserve Bank of Cleveland)

I thank Dean Nancy Bagranoff, Professor Dean Croushore, and the University of Richmond’s Robins School of Business for the opportunity to deliver this year’s Stanley S. Watts lecture. I feel honored to join the list of distinguished speakers who have previously presented the Watts lecture. I have had the pleasure of knowing and working with Professor Croushore for many years. Through his research and analysis, Dean has made important contributions to the Federal Reserve System and to the economics profession. As a professor, he is passing on his knowledge by training the next generation of economists and business people, an important public service.