Search Results
Speech
Remarks for the Panel Discussion “Why Did We Miscast Inflation?”
Inflation remains too high, and recent data – including several strong labor market indicators, as well as faster than expected retail sales and producer price inflation – all reinforce my view that we have more work to do, to bring inflation down to the 2 percent target. While optimistic there is a path to restoring price stability without a significant downturn, I am also well aware of the many risks and uncertainties, including the risk of a self-fulfilling loss of business and consumer confidence.
Speech
A Partnership for Economic Progress: Remarks at the 2024 Annual Meeting & 10th Year Anniversary of the Lawrence Partnership
Susan Collins is encouraged by recent economic data that suggests demand and supply are coming into better balance. Still, the appropriate approach to monetary policy continues to require patience. “Working Places” is an example of how the Fed encourages economic progress on the local level. In Lawrence, Massachusetts, collaborative leadership and a shared vision continue to impact the resurgent city’s future.
Speech
Full Employment: A Broad-Based, Inclusive Goal: Opening Remarks at the Federal Reserve Bank of Boston’s 67th Economic Conference, “Rethinking Full Employment"
Susan Collins emphasized that the two aspects of the Fed’s dual mandate are complementary. A challenge for the Fed, explored at this conference, is how to operationalize a broad concept of full employment when setting monetary policy. She emphasized the connection between the full employment goal and the Fed’s role in fostering a vibrant economy that works for everyone. A better understanding of the behavior of labor force participation is important if the Fed is to meet both its full-employment and price-stability goals. It is essential to examine factors that could limit people from ...
Speech
The Importance of a Patient, Methodical, and Holistic Approach to Monetary Policy
Susan Collins shared her perspectives on the U. S. economy and monetary policy, as the Fed works to achieve its mandates from Congress and support a vibrant economy that works for all. She started with an overview, briefly discussed some supply- and demand-side aspects of the economy, and ended with comments about her outlook and monetary policy.
Speech
The National and Regional Economy: Navigating Near-term Changes and Long-term Challenges
In her remarks, Susan Collins spoke briefly about monetary policy, then touched on what she has seen in the New England economy during her first six months in this role, and finally talked about an approach those at the Fed have found helps local community efforts to coalesce around challenges, in support of economic resurgence.
Speech
Perspectives on the Economy: Remarks at the Annual Convention of the Maine Bankers Association
Susan Collins shared her views about the economic outlook and monetary policy. Then she provided a few perspectives on banking in New England and in particular Maine – highlighting the importance of banks of all sizes to a vibrant, inclusive economy. She ended with a few points about the Fed’s work across the region, and the shared opportunities to collaborate in the public interest.
Speech
Monetary Policy Challenges in the Pandemic Recovery
President Collins shared charts with graduate students and faculty at an economics seminar at Harvard University, covering aspects of the economy she recently discussed at Wellesley College and as part of the Boston Fed’s 22nd Annual Regional & Community Bankers Conference.
Speech
Remarks on the Outlook, Monetary Policy, and Supporting a Vibrant Economy
The following topics were covered: 1) financial stability; 2) monetary policy and the macroeconomic outlook; 3) financial infrastructure and payments services; and 4) community economic development and opportunity.
Speech
Parsing the Pandemic’s Effects on Labor Markets
Opening Remarks at the Bank’s 66th Economic Conference, “Labor Markets During and After the Pandemic”. Potentially long-lasting effects of the pandemic on the labor market, such as increased remote work and accelerated automation of service-sector jobs, are likely to have differential effects across the workforce. Understanding these differences is important for achieving the Fed’s mission of a vibrant, inclusive economy in the wake of COVID-19.