But first, I would like to share with you some thoughts about the outlook for the U.S. economy and monetary policy.1 In its 11th year of a record expansion, the U.S. economy is in a good place.
Inflation expectations are well-anchored. Economic growth is supported. Uncertainty is reduced. On a micro-level, informed decisions on consumption, investment, saving, and production can be made. Traders may hedge against risks related to the fluctuating cost of raw materials and finished goods. Income equality is promoted as the purchasing power of the poor is protected.