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Perspectives on the Eventual Economic Recovery
The past year with the pandemic has been grueling. Eleven months after the initial outbreak, economic outcomes for individuals and businesses still remain closely tied to finding and implementing effective public health policy. However, with the successful development of multiple vaccines, it is now possible to imagine much better macroeconomic outcomes ahead. My view is that policymakers must work to ensure that the benefits of the eventual recovery are widely shared. As I’ve mentioned, I believe that as we think about recovery from the pandemic, we should take the time to look for ways ...
Taking Stock of the Economic Recovery and the Opportunities to Bolster Financial Stability
It seems likely that the economy will grow rapidly this year. This should reduce the slack in the labor markets and eventually return inflation to the Federal Reserve’s 2 percent target. Assuming virus variants do not become especially problematic, we should see an unusually strong post-recession recovery. While the near-term public health and macroeconomic improvements are more than welcome and critically important, I also believe that policymakers across the spectrum should take the time to examine some of the problems brought to the forefront over the past year. In doing so, they can ...
Perspectives on the Economy and Monetary Policy
In this event, hosted by the Hutchins Center on Fiscal and Monetary Policy at Brookings, Susan Collins shared her perspectives on macroeconomic conditions and key dimensions of monetary policymaking in the current context.
Perspectives on the Economy, and on the Opportunities Ahead
Speech to the Greater Boston Chamber of Commerce. In her first speech as president of the Boston Fed, Susan Collins touched on a broad range of topics, including monetary policy, her vision as leader of the Boston Reserve Bank, and the work being done at the Bank to support a vibrant regional and national economy.
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.
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.