This Time Is Different…Because We Are

Mary Daly

FRBSF Economic Letter, 2022, vol. 2022, issue 05, 08

Abstract: The Federal Reserve has evolved since the “Great Inflation” of the 1970s. With new tools and a deeper understanding of the importance of transparency, it is better prepared to meet the dual mandate goals of price stability and full employment, even in challenging times.

Keywords: covid19; inflation; price stability; economic conditions; transparency; monetary policy (search for similar items in EconPapers)
Date: 2022
Note: This Economic Letter is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Los Angeles World Affairs Council & Town Hall on February 23, 2022.
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