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The Economic Outlook And Monetary Policy, Federal Reserve Governor Christopher J. Waller, At The Global Interdependence Center s 39th Annual Monetary and Trade Conference, The LeBow College Of Business, Drexel University, Philadelphia, Pennsylvania (Via Webcast) Date 13/05/2021 Thank you, Kathleen, and thank you, George and the Global Interdependence Center, for the invitation to speak to you this afternoon. I am with you to talk about my outlook for the U.S. economy and the implications for monetary policy.1 In the last week we have received employment and inflation reports that have garnered a lot of attention. Incorporating this information into my outlook, I have two messages today. The first is that, despite an unexpectedly weak jobs report, the U.S. economy is hitting the gas and continuing to make a very strong recovery from the severe COVID-19 recession. Let s remember, and this applies to latest inflation data too, that a month does not make a trend the trend for th

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