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The Economic Outlook and Monetary Policy Communications 03.21.17 The Stanley S. Watts Lecture, The Robins School of Business, University of Richmond, Richmond, VA
This evening, I will speak about monetary policy and the role of communications in Federal Reserve policymaking. I serve on the Federal Open Market Committee?s subcommittee on communications, so it may not be surprising that I believe communications play an essential role in monetary policy implementation. Of course, my remarks this evening will reflect my own views and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.
The Outlook for the Economy and Bank Regulation
Good afternoon. I thank the Ohio Bankers League for inviting me to participate in this year?s economic summit. It is a pleasure to have the opportunity to speak with so many leaders from the state?s banking community. I?m glad to be here with my colleague Steve Jenkins, whom many of you know well and who will be speaking later today. It is also great to be in Columbus, where it seems as if the euphoria from The Ohio State University?s national championship isn?t going to wear off any time soon. Today, I will share my views on the outlook for the U.S. economy and monetary policy in 2015. Given ...
Economic recovery and the expansion beyond, a speech presented at the INVESTKentucky Conference, Louisville, Kentucky, June 4, 2009
President Pianalto briefly described some forces that will help pull our economy out of its steep decline. She discussed why several long-standing imbalances within the economy will likely cause the recovery to proceed slowly. Finally, she discussed some structural changes in the labor market and the drivers that will lead us again to long-term prosperity.
Regulatory reform: lessons from the front line, 19th Annual Hyman P. Minsky Conference on the State of the U. S. and World Economies Organized by the Levy Economic Institute of Bard College, New York, New York, April 14, 2010
In a speech at the Minsky Conference on the State of the U.S. and World Economies, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed consolidated supervision, an important, but sometimes overlooked, aspect of regulatory reform. She also described the criteria that she thinks should be used to define systemically important institutions and discussed a framework for ensuring financial firms are effectively supervised based on the risk they pose to the financial system. She concluded with an explanation of why it is vitally important for the Federal Reserve to remain ...
Financial Stability Framework; Panel Remarks for the International Banking, Economics, and Finance Association and American Economic Association Session, \"Integrating Financial Stability with Monetary Policy\", Allied Social Science Associations Annual Meeting, 01-06-2018; Philadelphia, PA
I will discuss four topics: the relationship between financial stability and monetary policy, the Federal Reserve?s current framework for assessing and monitoring financial stability risks, an exercise aimed to assess possible policy responses to such risk, and some of the governance issues we face in addressing these risks.
The keys to regional growth, a speech presented to the Summa Hospitals Women's Board, Akron, Ohio, on February 15, 2011
In a speech to the Summa Hospitals Women?s Board in Akron, Ohio, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto described how the recession and recovery have unfolded in both the U.S. and in her region. She also highlighted the importance of productivity in driving long-term economic growth, and discussed how education and innovation work together to improve our prosperity.
Fintech, Bigtech, and Financial Inclusion
Since the beginning of this conference series, the discussions have consistently been very topical, and the agenda for the next two days does not disappoint on that score. The conference will cover many of the hot issues confronting practitioners, academics, and policymakers as financial system innovation proceeds at a rapid pace. Today I will discuss the implications of digitalization for financial inclusion and some steps that need to be taken to ensure that digitalization helps to foster inclusion rather than promote exclusion. The views I will present today are my own and not necessarily ...
Remarks for the Panel: “Transparency and Communications” 03.06.20; The Shadow Open Market Committee Conference, Current Monetary Policy: The Influence of Marvin Goodfriend, New York, NY
Our session discusses the contributions Marvin made to our understanding of the role of transparency and communication in monetary policymaking. I will frame my remarks around the two things Marvin indicated in his confirmation hearing statement that he would pursue if confirmed. First, Marvin planned to draw on his “academic and professional experience to promote policies that would further increase transparency and accountability at the Federal Reserve.”1 This is a worthy pursuit. Congress has given the Fed a mandate to promote price stability and maximum employment, and it has given ...
The Outlook for the Economy and Federal Reserve Policy
I have the pleasure of serving on the council’s board so I have seen firsthand the important work the council is doing to increase economic and financial literacy in the country. As the council’s mission statement explains, equipping students with this knowledge can help them make better decisions for themselves, their families, and their communities. It is noteworthy that despite the burdens of the pandemic, the council has found creative ways to carry on its mission, including its support of teachers, the National Economics Challenge, and this speakers’ series. Today, before we open ...
An Update on the U.S. Economy and the Federal Reserve’s Review of Its Monetary Policy Framework; 03.03.2020; The Society of Professional Economists, Annual Dinner, London, United Kingdom
This evening I will update you on the outlook for the economy and monetary policy from my side of the pond and on the Federal Reserve’s review of our monetary policy framework: the strategy, tools, and communications we use to make monetary policy. As always, the views I’ll present are my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee.