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Federal Reserve Bank of Cleveland
Speech
The U.S. Economic Outlook and Monetary Policy 07.13.16 Australian Business Economists, Sydney, Australia
Loretta J. Mester
Abstract

As an economist and policymaker, I appreciate hearing the perspectives of market and business economists. Just as the different views expressed by my colleagues around the monetary policy table help to inform my own policy views, the insights of economists like you help to shape my own economic outlook. The chance to hear perspectives from this side of the Pacific is particularly welcome at this time because we live in a global economy. Today, I will focus my remarks on the U.S. economy and monetary policy. To help put the discussion into context, I will start with a brief overview of the Federal Reserve System. I should note that the views I’ll present today are my own and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.


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Loretta J. Mester, The U.S. Economic Outlook and Monetary Policy 07.13.16 Australian Business Economists, Sydney, Australia, Federal Reserve Bank of Cleveland, Speech 74, 13 Jul 2016.
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Note: These remarks are an update of remarks made at the European Economics and Financial Centre’s Distinguished Speakers Seminar in London, U.K. on July 1, 2016.
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Subject headings:
Keywords: Monetary Policy; Economic Growth; Labor Markets; Inflation; Brexit
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