The longer-term challenge for the Fed and other central banks is to build a new monetary-policy framework that takes account of recent structural changes in the global economy, such as the integration of China.

ECONOMIST: Yesterday's financial architecture needs refurbishing

Together, guided by the inspired comments of leaders such as Secretary of Agriculture Tom Vilsack and Governor of New Mexico Bill Richardson, participants will help build a Federal framework through which options for managing the unavoidable effects of climate change can be analyzed.

WHITEHOUSE: Adaptation Summit to Address Impacts of Climate Change, May 25-27 | The White House