Remarks to the Boston Economic Club: The Economy’s Performance and Outlook, and Implications for Policy

Abstract: It is important to recognize that the path the economy takes toward the Fed’s mandated goals may continue to be bumpy and uneven, and we should not overreact to individual data points. To President Collins' thinking, that reflects the realities of a unique and challenging pandemic and the economic recovery from it. Expecting all indicators to be well aligned is too high a bar, but seeing sustained, broadening signs of progress should provide the necessary confidence she would need to begin a methodical adjustment to our policy stance.

Keywords: maximum employment; dual mandate; price stability; inflation; labor market; FedNow;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Speech

Publication Date: 2024-02-07