Resolute and Mindful: The Path to Price Stability

Mary Daly

FRBSF Economic Letter, 2022, vol. 2022, issue 23, 6

Abstract: As monetary policymakers work to deliver low and stable prices and an economy that works for all, they will need to be resolute and mindful. This means moving firmly toward our goal, while constantly calibrating our stance of policy so that we go far enough to get the job done, but not so far that we overdo it.

Keywords: monetary policy; inflation; stable prices (search for similar items in EconPapers)
Date: 2022
Note: The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Orange County Business Council in Irvine, California, on November 21.
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