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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
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
Fulfilling our economic potential: remarks at the Association for Neighborhood & Housing Development 2019 Annual Conference, New York City
Remarks at the Association for Neighborhood & Housing Development 2019 Annual Conference, New York City.
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.
Briefing
Trade-offs in Fulfilling the Fed’s Dual Mandate
This article discusses the trade-offs and impacts of inflationary environments given the dual mandate of the Federal Reserve. High inflation creates pricing distortions and leads to a tax on liquidity. Furthermore, it has direct redistributive impacts of inflation on wages, portfolios and contracts that are preset in dollar terms. The analysis concludes that while inflationary trade-offs are complex, keeping expectations anchored is a paramount objective for the Fed, since unanchored expectations make all the other trade-offs harder to navigate.
Speech
Creating An Economy That Works for All: Remarks at the Bunker Hill Community College 2023 Convocation
To build a vibrant, inclusive economy, we need the best ideas, energy, and participation from everyone. Community colleges play a critical role in this important work by providing affordable, accessible higher education and essential skill development – ultimately strengthening our economy and society.