Getting It Right: Meeting Uncertainty with Conditionality

Daly, Mary C.

Journal Article

Getting It Right: Meeting Uncertainty with Conditionality

Abstract: We’ve made a lot of progress in bringing down inflation, but there is more to do. We need to exhibit care and be ready to respond to however the economy evolves, balancing policy to protect full employment while restoring price stability. That is the economy we are striving for and working to deliver. The following is adapted from remarks presented by the president of the Federal Reserve Bank of San Francisco at the Commonwealth Club World Affairs of California, in partnership with the San Francisco Press Club, on June 24.

Keywords: uncertainty; inflation; labor market; price stability;