Remarks on the Economy and Monetary Policy

Alfred Broaddus

Speech from Federal Reserve Bank of Richmond

Abstract: It is a pleasure to be back with you once again. I'm truly honored that you invite me back so frequently, although I'm reminded of something that Jack Benny said once when he received an award of some sort. (I assume there are at least a few people in this audience old enough to remember who Jack Benny was.) When he received the award, Benny said he didn't deserve the honor, but then he had arthritis, and he didn't deserve that either. I know you didn't invite me back to hear a bunch of bad jokes, so let me share a few thoughts about the economy and the economic outlook. I will follow my usual format that you are well accustomed to. I'll start with a little background information on the economy and try to specify as precisely as I can where the economy stands right now. Here I will repeat a few things I said in a series of talks I gave about a month ago, since the background obviously has not changed much since then, but I will also update this part with a few observations about developments over the last several weeks. Then I'll speculate a little about the outlook, and finally wind up with a few remarks about Fed policy.

Date: 2003-06-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.richmondfed.org/press_room/speeches/j_ ... ddus_speech_20030604 Speech (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:r00034:101502

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Matt Myers ().