Forward-Looking Policy in a Real-Time World

FRBSF Economic Letter, 2023, vol. 2023, issue 08, 8

Abstract: Restoring price stability is a key part of the Fed’s mandate, and it is what the American people expect. Achieving it will take time and a broad view of economic conditions. Policymakers have to respond to an economy that is evolving in real time and prepare for what the economy will look like in the future. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to Griswold Center for Economic Policy Studies at Princeton University on March 4.

Keywords: inflation; Federal Open Market Committee (FOMC); monetary policy; central banking; Federal Reserve; covid19 (search for similar items in EconPapers)
Date: 2023
Note: Adapted from speech to the Griswold Center for Economic Policy Studies, Princeton University, Princeton, New Jersey, March 4, 2023, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
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