US June jobs report expected to show a steadily cooling labor market

Good afternoon. It’s a privilege to speak at this lecture series in honor of Professor Suresh Tendulkar, the esteemed economist and policymaker. And I’m pleased to be here with my counterparts at the Reserve Bank of India. We all operate in a highly interconnected global economy. So, meeting with and learning from central bankers and other experts from around the world is an important part of my job. Many of the issues we face are unique, but many are similar, too. One theme that spans the globe has to do with managing the “known unknowns” of monetary policy. Alan Greenspan, the former Chair of the Federal Reserve, once said: “Uncertainty is not just a pervasive feature of the monetary policy landscape; it is the defining characteristic of that landscape.”1 That certainly sums up our experience since the outbreak of the COVID-19 pandemic four and a half years ago. And uncertainty will continue to be the defining ch post: FED'S WILLIAMS: SOME VALUATIONS ARE DEFINITELY STRETCHED. post: FED'S WILLIAMS: THE ECONOMY IS DOING REMARKABLY WELL.