How Did the Economy Get Here?

Tom Barkin

Speech from Federal Reserve Bank of Richmond

Abstract: A strong but choosier consumer, coupled with a more productive and better valued workforce has landed the economy in a good place. As a consequence, the FOMC has started the process of recalibrating rates to somewhat less restrictive levels. Tomorrow looks different based on whether you take more signal from levels or trends. With the economy now in a good place and interest rates off their recent peak but also off their historic lows, the Fed is in position to respond appropriately regardless of how the economy evolves.

Keywords: Monetary Policy; Business Cycles; Inflation; economic growth (search for similar items in EconPapers)
Date: 2024-11-12
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