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Keywords:dual mandate OR Dual mandate OR Dual Mandate 

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.
Speech

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

Speech
Remarks at the 42nd Annual Central Banking Seminar, Federal Reserve Bank of New York, New York City

Remarks at the 42nd Annual Central Banking Seminar, Federal Reserve Bank of New York, New York City.
Speech , Paper 293

Speech
'Normal' monetary policy in words and deeds: remarks at Columbia University, School of International and Public Affairs, New York City

Remarks at Columbia University, School of International and Public Affairs, New York City.
Speech , Paper 292

Speech
Economic opportunity and income mobility--remarks at the Association for Neighborhood and Housing Development Annual Community Development Conference, New York City

Remarks at the Association for Neighborhood and Housing Development Annual Community Development Conference, New York City.
Speech , Paper 201

Speech
Reflections on Uncertainty and Patience in Monetary Policymaking

Susan Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven.
Speech

Speech
In Conversation: Mary C. Daly with UC Berkeley’s Fisher Center for Real Estate & Urban Economics

Presentation at UC Berkeley’s Fisher Center for Real Estate & Urban Economics, Berkeley, California, October 21, 2022, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
Speech

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

Speech
Exploring current economic conditions and the implications for monetary policy: remarks at the National Association for Business Economics (NABE) 60th Annual Meeting, Boston, Massachusetts, October 1, 2018

While inflation remains well contained to date, pushing the economy too hard risks inflationary concerns or financial-stability risks. Either of these outcomes might necessitate a more forceful monetary policy response. While a more forceful policy might be appropriate under such conditions, it is not a risk-free strategy and could put at risk the continued expansion. The history of rapid rate increases in the U.S. suggests that such a risk is real, and as a result my preference for a strategy that allows a continued, but gradual, pace of monetary tightening.
Speech , Paper 138

The Dual Mandate in Conflict: Balancing Current Tensions between Inflation and Employment

An analysis examines inflation and labor market factors testing both sides of the Fed’s dual mandate, as well as FOMC projections for the federal funds rate.
On the Economy

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