Thank you, Stacey, for the chance to be part of this celebration. It is great to be here to honor the Division of Research and Statistics (R&S) and humbling to see so many Fed people who served the institution over long and distinguished careers and have returned for this great occasion. The Fed is one of those places where you can work for a decade or so and still feel like a newbie. For those listening outside this room, I will briefly outline R&S’s responsibilities. A large part of the division, along with other divisions at the Board, is engaged in producing the Tealbook, which contains the staff’s forecast ..

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