Reserve Issues News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>Thanks to President Kasey Buckles and the program committee for affording me the opportunity to give the C. Woody Thompson Memorial Lecture. It is a pleasure to be back in the Midwest. Before joining the Federal Reserve, I taught economics at Michigan State University, which I chose for its bird's-eye view of the industrial Midwest. Big 10 rivalries aside, Ohio and Michigan share quite a lot, including many of the same economic concerns and interests.</span></p>

Oil prices settled lower on Friday night as European banking shares fell and after US Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve (SPR) may take several years, dampening demand prospects.

<p><span>Thank you, Bill, and I'd also like to thank Alex Sanchez and the Florida Bankers Association for the invitation to be with you today. It is a pleasure to be here in person to discuss issues that are top of mind for all of us as we begin the new year. I will start with some thoughts about the Federal Reserve's ongoing effort to lower inflation, which continues to be much too high. I will then touch on other issues in the Fed's purview, including bank supervision and regulation</span></p>

<p><span>Good morning. It is a pleasure to be back in Michigan, although I wish I had been here to participate in the Turkey Trot last week, which is an annual tradition for my family and me. It is especially a treat to be back in Detroit, with its rich history of music, art, architecture, and industrial innovation&mdash;which I will address today. I am also delighted to see some familiar faces.</span></p>

<p><span>Thanks to the Money Marketeers for inviting me to share my perspective on the conduct of monetary policy in the current environment of unacceptably high inflation. It is a pleasure to be here with you this evening.</span></p>