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.
Remarks at the Women’s Leadership Conference with the Vermont Bankers Association
The speech touched on three topics: 1) the economy and monetary policy; 2) the Boston Fed; and 3) thoughts on leadership challenges and opportunities, especially for women.
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.
A New Chapter for the FOMC Monetary Policy Framework
Remarks at "In Conversation: New York Fed Presidents on COVID-19" (Bretton Woods Committee Webinar).
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.
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.
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.
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.
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.
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.