mercredi 25 mars 2015
Evans: Risk Management in an Uncertain World
Posted on 03:52 by nice news
Thank you for that warm introduction. It is a great pleasure to join the impressive list of speakers to your group. I look forward to your insightful remarks. My views are sharpened through comments I get from the audience and getting an international perspective is particularly helpful. So, I am most appreciative for this opportunity.
Today I will first discuss recent developments and my outlook for the U.S. economy. I will then explain how that outlook and the risks around it shape my views about the appropriate timing and pace of eventual Federal Reserve policy normalization. I should note that my commentary reflects my own viewpoint and does not necessarily represent the views of my colleagues on the Federal Open Market Committee (FOMC) or within the Federal Reserve System.
In particular, I expect to see continued solid growth in real activity and further improvements in labor markets in the U.S. Our outlook for economic activity is probably on its best footing since the recovery began in mid-2009.
However, inflation is too low relative to the FOMC’s 2 percent objective. In fact, inflation has averaged just 1-1/2 percent for the past six years, and it is hard to see inflation heading up to target in the near term. This worries me quite a bit, and I will spend a good deal of time today explaining my concern.
Today I will first discuss recent developments and my outlook for the U.S. economy. I will then explain how that outlook and the risks around it shape my views about the appropriate timing and pace of eventual Federal Reserve policy normalization. I should note that my commentary reflects my own viewpoint and does not necessarily represent the views of my colleagues on the Federal Open Market Committee (FOMC) or within the Federal Reserve System.
In particular, I expect to see continued solid growth in real activity and further improvements in labor markets in the U.S. Our outlook for economic activity is probably on its best footing since the recovery began in mid-2009.
However, inflation is too low relative to the FOMC’s 2 percent objective. In fact, inflation has averaged just 1-1/2 percent for the past six years, and it is hard to see inflation heading up to target in the near term. This worries me quite a bit, and I will spend a good deal of time today explaining my concern.
Evans: Risk Management in an Uncertain World
Categories: Evans: Risk Management in an Uncertain World
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