Williams: The Economic Outlook and Monetary Policy: Moving in the Right Direction
From frbsf.org
Thank you. It’s great to be in Portland. If I can find time, I like nothing better than to savor a cup of the excellent coffee Portland is famous for and then head over to Powell’s to dig through the stacks. Today I’m going to talk about how the economy is doing and where I see it heading. I’ll highlight areas of strength, such as housing, and also some areas that have been holding us back, such as fiscal policy. I’ll offer my forecasts for economic growth, the job market, and inflation. And I’ll explain what the Federal Reserve is doing to keep the recovery on track and move toward the goals Congress has set for us, ...
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