This Time Is Different…Because We Are
Abstract: The Federal Reserve has evolved since the “Great Inflation” of the 1970s. With new tools and a deeper understanding of the importance of transparency, it is better prepared to meet the dual mandate goals of price stability and full employment, even in challenging times.
Keywords: covid19; inflation; price stability; economic conditions; transparency; monetary policy;
File format is application/pdf
Description: Full text - article PDF
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2022-02-28
Note: This Economic Letter is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Los Angeles World Affairs Council & Town Hall on February 23, 2022.