Speech

2025 Economic Outlook

Abstract: A strong but choosier consumer, coupled with a better-valued, more productive workforce has landed the economy in a good place. My baseline outlook is good. How economic policy uncertainty resolves will matter. But, with what we know today, I expect more upside than downside in terms of growth. I see more risk on the inflation side. The Fed remains well-positioned regardless of how the economy develops. Were employment to falter or inflation to re-emerge, we have the tools to respond.

Keywords: Business cycles; Economic Growth; Inflation; Monetary Policy;

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Speech

Publication Date: 2025-01-03