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Showing results 1 to 10 of approximately 26.
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Speech
Remarks for the National Association of Corporate Directors New England Chapter
Susan Collins shared remarks during a National Association of Corporate Directors (NACD) New England Chapter meeting, covering aspects of the economy she recently discussed at the Economic Club of New York.
Speech
Bullard Discusses Financial Stress, Rate Increases and Inflation on Bloomberg TV
During an appearance on Bloomberg TV, St. Louis Fed President Jim Bullard discussed financial stress, the federal funds rate and inflation.On banking sector problems, Bullard said the reaction was swift and appropriate. He said he projected an 80% probability that the financial stress within the sector will decline.“You’ve got the macroprudential tools for financial stress, and you’ve got monetary policy to fight inflation. We can do both as long as financial stress doesn’t morph into something much larger,” he said.To bring down inflation, Bullard said the median Federal Open ...
Journal Article
How Quickly Do Prices Respond to Monetary Policy?
With inflation still above the Federal Reserve’s 2% objective, there is renewed interest in understanding how quickly federal funds rate hikes typically affect inflation. Beyond monetary policy’s well-known lagged effect on the economy overall, new analysis highlights that not all prices respond with the same strength or speed. Results suggest that inflation for the most responsive categories of goods and services has come down substantially from recent highs, likely due in part to more restrictive monetary policy. As a result, the contributions of these categories to overall inflation ...
Speech
Monetary Policy: Progress Is Not Victory
Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco, The Economic Club of New York, New York, NY, October 5, 2023, 12 PM EDT
Speech
Bullard Discusses Recent Policy Rate Increase, Outlook for U.S. Economy in Fireside Chat
St. Louis Fed President Jim Bullard shared his thoughts on the Federal Open Market Committee’s latest policy rate increase and the possibility of a soft landing for the U.S. economy. He spoke during a fireside chat with Minneapolis Fed President Neel Kashkari at an event hosted by the Economic Club of Minnesota.On May 3, the FOMC raised the target range for the federal funds rate by 25 basis points, to 5%-5.25%. Bullard said he thought the move “was a good next step for the committee.” He noted that the FOMC has done a lot in the past year or so. “But we have a lot of inflation in the ...
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.
Journal Article
What If? Monetary Policy in Hindsight
If the Federal Reserve had expected the upcoming inflation surge back in March 2021, would it have acted differently? A new method to tackle such “what if” questions suggests that it may have been preferable to only moderately raise the federal funds rate during 2021, even with perfect foresight. In that case, inflation would have been about 1 percentage point lower as of June 2022, while unemployment would be about 2 percentage points higher. This result reflects the importance of the Fed’s dual mandate of price stability and maximum employment.
Speech
Reflections on Phasing Policy Amidst (Pandemic) Uncertainty: the 2023 Goldman Lecture in Economics at Wellesley College
In her remarks, President Collins focuses on economic policymaking under uncertainty. She discusses the making of monetary policy in the current cycle, where the recent pandemic and its aftermath figure so prominently and create particular uncertainty. President Collins also offers some takeaways to students about learning and careers.
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.