Bill Foster: “I represented, for years, extremely rural areas, and it was--you know, it's just tough sledding trying to get companies…”

The good news is that macroeconomic policy is working as designed.

If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.