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The Economic Outlook

Challenges For Policymakers

It is indeed a pleasure to be back in Birmingham, my hometown. Not only have I had the opportunity to visit with family and friends, but this trip has also given me the opportunity to enjoy some warmer temperatures than I have been experiencing in Philadelphia. From Philip Jack-son's introduction, you will note that my latest career move has been in a southerly direction - moving away from the deep snows of Rochester, New York, and into the more moderate coastal climate of Philadelphia. If that doesn't sound like much progress climate-wise, you don't know Rochester.

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