Reflections on Uncertainty and Patience in Monetary Policymaking

Abstract: Susan Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven.

Keywords: inflation; federal funds rate; labor market; monetary policy; maximum employment; dual mandate;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Speech

Publication Date: 2024-05-08