I thought it might be useful for me to close the conference by giving you my perspective on some of the imbalances currently evident in the U.S. and global economies, how they might be resolved, and their implications for policy - including monetary policy.
I must emphasize that these views are my own and not necessarily those of my colleagues on the Federal Open Market Committee.1  The current state of the economy The United States has been doing well over the past few years by most measures of overall economic performance.