Lessons from History, Policy for Today

Mary Daly

FRBSF Economic Letter, 2021, vol. 2021, issue 07, 01-07

Abstract: Today’s economic challenges are different from the past, and it’s important to learn from history to achieve a better economic future for everyone. As the economy recovers from the effects of COVID-19, the Fed’s new policy framework retains vigilance against inflation while committing to not pull back the reins on the economy in response to a strong labor market.

Keywords: COVID-19; Fed policy framework; inflation; labor market (search for similar items in EconPapers)
Date: 2021
Note: The following is adapted from a virtual webinar by the president and CEO of the Federal Reserve Bank of San Francisco to the Economic Club of New York on March 2.
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