Thank you for the opportunity to speak to you today. 1 It's wonderful to be back in Michigan and in this great city. For more than a century, Detroit has been at the center of the U.S. economy, driving America's growth and prosperity, while also reflecting the profound forces that have transformed our economy in recent decades. Detroit is a good place to discuss the outlook for the U.S. economy and monetary policy because I believe it continues to be an important part of that story. Detroit's Economy As a longtime Michigander who has worked to promote entrepreneurship and community development in Detroit, I've seen firsthand the spirit that has driven its rebirth and growth.
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