J. Alfred Broaddus

As usual I’ll begin with a recap of recent developments in the economy to put the outlook in perspective. Then I’ll comment on the outlook — as others see it and I see it — and finally I’ll conclude with a few remarks about monetary policy.

Dean Sesnowitz; distinguished members of the faculty; proud parents and other family members; guests; and, of course most importantly, members of the Virginia Commonwealth University School of Business Class of 2004: thank you for your welcome and the privilege of sharing a few reflections with you this afternoon on this very special occasion.

It is a pleasure to be with you this morning, and I am honored by your invitation to address this Convention once again. When Jack Benny was honored in some way back during his career, he said he didn't deserve the honor.

President Bortz; distinguished members of the faculty and board of trustees; proud, satisfied — and probably relieved — parents; guests; and — most importantly, of course — members of the Hampden-Sydney Class of 2004: thank you for your welcome and for the privilege of joining you on this memorable day.

It is a pleasure to be with you this morning. The theme of this session is “How Banks Compete.” I want to develop a variation on this theme and consider how the intensity of competition in banking has increased over the years, and some of the challenges this change presents.

It's a pleasure to be back with you once again. I don't know exactly how many years you've honored me by inviting me back, but it's an appreciable number, and I always enjoy being with you. I guess I should say most of the time.

It's a great pleasure and honor for me to be invited to participate in this Forum, although I have to tell you that I was more than a little intimidated when I learned that I would be part of a panel featuring Bob King and Tom Sargent.

It's a great pleasure and honor for me to be invited to participate in this Forum, although I have to tell you that I was more than a little intimidated when I learned that I would be part of a panel featuring Bob King and Tom Sargent.

It is a pleasure to be with you this evening, and a pleasure to serve as Longwood's Executive-in-Residence earlier today.

These remarks update other recent speeches Mr. Broaddus has made regarding the U.S. economic outlook.

It is a pleasure to be back with you once again. I'm truly honored that you invite me back so frequently, although I'm reminded of something that Jack Benny said once when he received an award of some sort.

 And certainly the extraordinary difficulty currently in trying to discern U.S. macroeconomic prospects for the next year or so is not inconsistent with Twain's observation.

It is a pleasure to be with you today, although I have to confess that I am not very alert because I had a nightmare last night.

It is a pleasure to be with you today. Each year I receive several invitations to give talks on the economic outlook for the year ahead, and this is my first such talk for 2003.

It's a pleasure to be here today and to have this opportunity to comment on conducting monetary policy in a low inflation environment.

This has been a very useful conference in my view, and I am honored by this opportunity to be a part of it.1 As some of you may know, I was the second choice for this slot, but that doesn't bother me at all because the first choice was Don Brash, the Governor of the Reserve Bank of New Zealand and a pathbreaker in bringing both transparency and accountability to central banking in practice.

It is a pleasure to be with you this evening. Most of the speeches I make deal with national economic outlook and Fed monetary policy, and it is refreshing to have an opportunity to talk about something else.

Thank you very much. Ms. Roberson, members of the faculty, parents and friends, and — most importantly — members of the Thomas Jefferson High School Class of 2001, it is truly a pleasure and an honor to be with you this afternoon.

It is a pleasure and an honor to be invited to participate in this conference.

It's a pleasure to address this Conference once again.

It has been a while since I had the pleasure of speaking to this group, and I've been looking forward to this dinner.

It's a pleasure to be with you tonight. Bryce has welcomed you on behalf of the Powell Endowment.

It is a pleasure to be with you tonight here at Davidson. I have counted a number of Davidson alumni as good friends and colleagues over the years, but for some reason this is the first opportunity I have had to visit the Davidson campus. I am happy to have the chance to do so this evening even though I have to make a speech to earn it!

I'm delighted to be here today to talk with you about the wave of bank mergers that is sweeping across our country-our hometown included.

President Cormier, distinguished members of the faculty, graduates, families and friends.

Good afternoon, ladies and gentlemen. Thank you for joining us here in Baltimore to discuss community economic development.

Ladies and gentlemen, it is a pleasure to be with you today for your 11th Annual Business Expo.

It is a pleasure to be with you today, and I thank you for inviting me.

Ladies and gentlemen, it is a pleasure and a privilege to address you today, both for professional and personal reasons.

Needless to say, it's a great pleasure for both Margaret and me to have this opportunity to return to IU, where we spent four very happy years between mid-1966 and mid-1970.

Mr. Broaddus wishes to thank his long-time colleague, Timothy Cook, for substantial assistance in preparing the address.

Thank you very much for that kind introduction. It is very nice indeed to be here in the Shenandoah Valley.