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Speech
Interview With St. Louis Fed President James Bullard
Last week’s jobs report demonstrated the ongoing strength of the U.S. economy and underscored the need for the Federal Reserve to rein in its stimulus efforts, a Fed official said Tuesday. St. Louis Federal Reserve Bank President James Bullard said that Friday’s report, which showed a healthy gain of 943,000 jobs last month, means the economy is making sufficient progress to start reducing, or tapering, the Fed’s $120 billion in monthly bond purchases. Those purchases, which began last March during the pandemic recession, are intended to lower longer-term interest rates and bolster the ...
Speech
Risk management in monetary policymaking: remarks to the National Association of Corporate Directors, New England Chapter, Boston, Massachusetts, March 5, 2019
Eric Rosengren, the Boston Fed president, offered up a ?relatively strong forecast? for the economy in 2019: growth somewhat above 2 percent, inflation close to the Fed?s 2 percent target, and a labor market that continues to tighten. However, ?risks to that outlook have increased recently,? he said, in a talk focused on assessing and managing those risks.
Speech
Exploring current economic conditions and the implications for monetary policy: remarks at 1Berkshire Economic Outlook Luncheon, Dalton, Massachusetts, October 26, 2018
Topics covered include: recent monetary policy actions; outlook -- continued robust growth; clear risks to the forecast; how should policy respond to strong base forecast but rising risks?; inflation for goods and services; exports are important and uncertain.
Speech
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.
Speech
Rules of Three
Remarks at Bronx EDC and BICNY’s 2024 Regional Economic Outlook, White Plains, New York.
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The Economic Outlook – and Two Risks to the Forecast that are Worth Watching
Private forecasters and FOMC participants anticipate a good outcome for the economy in 2020 and beyond, with low inflation and strong labor markets. However, as with any forecast, there are risk scenarios that are not captured in the most likely outcome for the economy. I have highlighted two potential risks that I will be monitoring this year – inflation picking up more than currently expected; and asset prices, particularly real estate prices, showing evidence of more acute financial stability risks. To be fair, there are also downside risks to the economic outlook, as well – primarily ...
Speech
Exploring current economic conditions and the implications for monetary policy: remarks at the National Association for Business Economics (NABE) 60th Annual Meeting, Boston, Massachusetts, October 1, 2018
While inflation remains well contained to date, pushing the economy too hard risks inflationary concerns or financial-stability risks. Either of these outcomes might necessitate a more forceful monetary policy response. While a more forceful policy might be appropriate under such conditions, it is not a risk-free strategy and could put at risk the continued expansion. The history of rapid rate increases in the U.S. suggests that such a risk is real, and as a result my preference for a strategy that allows a continued, but gradual, pace of monetary tightening.
Speech
Supply Factors and the Evolution of the Economy
Federal Reserve Bank of Boston President & CEO Susan M. Collins delivered the 2025 Razin Economic Policy Lecture on “Supply Factors and the Evolution of the Economy” at Georgetown University. President Collins says her outlook for both economic activity and inflation remains clouded by significant uncertainty, as well as competing risks. She notes supply-side factors have been underappreciated in “understanding how the economy has evolved,” which is “critical for assessing its likely trajectory.” Looking ahead, President Collins expects supply factors will continue to play a key ...
Professional Forecasters’ Past Performance and the 2025 Economic Outlook
A survey shows professional forecasters expect the economy to grow 2.1% in 2025. But how accurate have their predictions been since 1993?
Speech
An Economic Outlook - New Jerseys Bankers Association
Philadelphia Fed?s Harker: New Jersey?s Economy Shows Significant Progress Despite Slow Recovery January 20, 2017 While New Jersey?s economy has made significant progress since the recession, the state faces ?different issues than other states? that impact the recovery of its housing and labor markets, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks at the New Jersey Bankers Association?s annual Economic Leadership Forum