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First, as this expansion continues into its 11th year — the longest in U.S. history — economic conditions are generally good. Second, the benefits of the long expansion are only now reaching many communities, and there is plenty of room to build on the impressive gains achieved so far. Fortunately, the outlook for further progress is good: Forecasters are generally predicting continued growth, a strong job market, and inflation near 2 percent. I will begin by discussing the Fed's policy actions over the past year to support the favorable outlook. Then I will turn to two important opportunities for further gains from this expansion: maintaining a stable and reliable pace of 2 percent inflation and spreading the benefits of employment more widely. more »

Rose Madeline Mula Writes: I have had a couple of falls recently. The time before last, I broke my shoulder. When the orthopedic doctor finally discharged me after a series of follow-up visits, I asked him if I had any restrictions. “Yes,” he said. “Don’t fall.” So of course I did — at the door of my building when I got home. And of course I couldn’t get up. My phobia has extended to even very low-incline ramps. As for escalators, forget about them. Not only are the steps moving, but so is the handrail. You might as well ask me to scale Everest without the help of a Sherpa.     more »

Elaine Soloway Writes: While I will describe my attempts, along with my loved ones' antics and my lifelong efforts to become a calm and confident swimmer, perhaps you'll agree that Synchronized Flopping can be a metaphor for Parenting: sometimes we accomplish it perfectly; i.e. Esther Williams upside down in the water, and resurfacing with her makeup and smile intact. Other times, we are out-of-our-depth, looking foolish, and gasping for air. This year, for my event that I tagged "birthday/housewarming/pool party," I was sans spouse in my 672-foot apartment. Plans were in place: my daughters would be footing the bill, my friend Jani would serve as my P.A. (Hollywood talk for Personal Assistant), but the details — like the guest towels — were on my mushrooming to-do list. more »

Margaret Cullison writes: Mom baked regularly, working at the much-used enamel table in the kitchen. When I came home from school in the afternoon to find her there, I'd sit at the table and watch her work, telling her the events of my day. She always made small cookies, dainty enough to serve her friends when they stopped by for impromptu coffee and a chat. Mom also offered cookies and coffee to anyone doing work in the house or yard, and they probably wished for larger cookies! more »