The Economic Outlook and Some Longer-Run Issues 05-18-2017 Economic Club of Minnesota, Minneapolis, MN

Loretta Mester

No 83, Speech from Federal Reserve Bank of Cleveland

Abstract: Today, I will discuss my current outlook for the economy and my views on monetary policy. I will also talk about some longer-run issues facing the economy. Of course, these are my own views and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee. The economic expansion will celebrate its eighth birthday next month ? that?s 56 in dog years ? which is long by historical standards. Of course, expansions don?t die from old age and there is no reason to think that this one cannot continue. In fact, one of my focuses as a monetary policymaker is to set policy to meet and maintain our dual mandate goals of price stability and maximum employment. Doing so will help promote continued expansion.

Keywords: Economic growth; Great Recession; Fed balance sheet (search for similar items in EconPapers)
Pages: 17 pages
Date: 2017-05-18
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.clevelandfed.org/newsroom-and-events/s ... nger-run-issues.aspx Full text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcsp:83

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().