Economic outlook: moving in the right direction

John Williams

FRBSF Economic Letter, 2013, issue may20

Abstract: The economy and the labor market have improved substantially since the Federal Reserve started its current $85 billion monthly asset purchase program last September. However, it will take further gains to demonstrate that the ?substantial improvement? test for ending Fed asset purchases has been met. ; This letter is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco at the Portland Business Journal?s CFO of the Year Awards Luncheon in Portland, Oregon, on May 16, 2013

Keywords: Economic; conditions (search for similar items in EconPapers)
Date: 2013
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