The Outlook for the Economy and Monetary Policy; 02.12.19; Financial Executives International and Xavier University, Cincinnati, OH

Loretta Mester

No 104, Speech from Federal Reserve Bank of Cleveland

Abstract: Many of you probably know that the Federal Reserve System comprises 12 regional Reserve Banks, distributed across the country, and the Board of Governors in Washington, D.C. But we also have 24 branch offices. This regional structure helps us to collect information from around the country so that our monetary policy decisions can take into account the diversity of the American economy and its people. I am very grateful for the many contacts throughout the Cleveland Fed?s District who generously share with us their insights into business activity, labor markets, and financial conditions. This timely information, collected through our surveys and in meetings of our advisory councils and boards of directors, is very helpful to me as I formulate my economic outlook and monetary policy views, which I?ll speak about tonight. My remarks will reflect my own views and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee, the monetary policymaking body within the Fed.

Keywords: Economy; Labor Markets; Inflation; Monetary Policy (search for similar items in EconPapers)
Pages: 12 pages
Date: 2019-02-12
New Economics Papers: this item is included in nep-mac
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