These remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee. I appreciate the invitation from the Money Marketeers to discuss the path ahead for our economy and monetary policy. Many of the forces that acted as headwinds to U.S. growth and weighed on policy in previous years are generating tailwinds currently.
Today many economies around the world are experiencing synchronized growth, in contrast to the 2015-16 period when important foreign economies experienced adverse shocks and anemic demand.