Remarks for the Panel Discussion “Why Did We Miscast Inflation?”

Susan M. Collins

Speech from Federal Reserve Bank of Boston

Abstract: 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.

Keywords: inflation; maximum employment; price stability; supply; demand; federal funds rate; labor market; monetary policy (search for similar items in EconPapers)
Pages: 8
Date: 2023-02-24
New Economics Papers: this item is included in nep-mac
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