Good morning. Thank you for the opportunity to be here at the Villanova School of Business to address this second annual Business Leaders Forum. As leaders engaged in our business community, you are all aware of the painfully protracted pace of our economic recovery. I have been saying for quite some time that this was going to be a long, slow recovery.
Moreover, this frustrating state of affairs continues despite extraordinarily accommodative monetary policy. In my remarks today, I will discuss my outlook for the U.S. economy, as well as my views on the appropriate current and future monetary policy.