Perspectives on the Economy and Policymaking

Abstract: Susan Collins reviews a wide range of information to assess the evolving economy. She looks for patterns and trends showing sustained reductions in inflation, and progress on the underlying goal of bringing demand and supply back into better balance. She notes that price stability is essential for a well-functioning economy and an important precondition for maximum employment that is sustainable over time.

Keywords: inflation; supply; demand; maximum employment; price stability; monetary policy; labor market; federal funds rate;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Speech

Publication Date: 2023-09-06