Reflections on Uncertainty and Patience in Monetary Policymaking

Susan M. Collins

Speech from Federal Reserve Bank of Boston

Abstract: Susan Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven.

Keywords: inflation; federal funds rate; labor market; monetary policy; maximum employment; dual mandate (search for similar items in EconPapers)
Pages: 13
Date: 2024-05-08
New Economics Papers: this item is included in nep-mac
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