Thank you for attending the seventh annual Energy Conference, hosted by the Kansas City and Dallas Federal Reserve Banks. Energy is often in the spotlight given its central role in the economy, but the events of this past year have only further reinforced the importance of energy to our region, the economy, and the backdrop for conducting monetary policy. Today I will offer an outlook for the U.S. economy and my views on monetary policy. I’ll set the stage for those perspectives by looking first at the impact of developments in energy markets. Energy Prices on the Rise Energy prices have been on a wild ride this ... (full story)