How Long Is Too Long? How High Is Too High?: Managing Recent

<p><span>Thank you to the Milken Institute for the opportunity to join you today. This morning I'd like to outline my view of current economic conditions and the economic outlook and then turn to the implications for monetary policy. In particular, with employment still well below its February 2020 peak, I will focus on how the escalation in inflation this year is testing the monetary policy framework adopted by the Federal Open Market Committee (FOMC) in August 2020.<a name="f1"></a></span></p>

Related Keywords

Dallas , Texas , United States , New York , Le Bihan , Richardh Clarida , Jordi Gal , Philippe Andrade , Julien Matheron , Tony Yates , Federal Reserve Bank , Milken Institute , University Of Chicago Booth School Business , Initiative On Global , Central Bank , Market Committee , Us Monetary Policy Forum , Federal Reserve , Labor Department , Federal Open Market Committee , Labor Market Continues , Policy When , Goals Are Not , September Summary , Economic Projections , Federal Open Market , Longer Run Goals , Monetary Policy Strategy , Four Percent Inflation , Central Bank Review , Optimal Inflation Target , Natural Rate , Brookings Papers , Economic Activity , Its Monetary Policy Strategy , Communication Practices , Policy Forum , Global Markets , Chicago Booth School , Engin Kara , Inflation Target , Americas , Eneral , Regulation ,