Collins: Full Employment: A Broad-Based, Inclusive Goal

From bostonfed.org Watch this video at https://www.forexfactory.com/news/1252910-collins-full-employment-a-broad-based-inclusive-goal.

Takeaways from Boston Fed President Susan M. Collins’ November 17, 2023 Remarks Collins emphasized that the two aspects of the Fed’s dual mandate are complementary. While there often is a tradeoff between inflation and employment in the short run, history has shown that price stability is essential for a well-functioning economy – it is an important precondition for maximum employment that is sustainable over time. So, both aspects of the dual mandate are interrelated and complementary. A challenge for the Fed, explored at this conference, is how to operationalize a broad concept of full employment when setting monetary polic