Tuesday, October 02,
2018 /06:25 PM / Mondovisione
Monetary Policy And Risk Management At A Time Of Low Inflation And Low
Unemployment, Federal Reserve Chairman Jerome H. Powell, At The
“Revolution Or Evolution? Re-examining Economic Paradigms” 60th
Annual Meeting Of The National Association For Business Economics, Boston
Massachusetts
It
is a pleasure and an honor to speak here today at the 60th Annual Meeting of
the National Association for Business Economics (NABE). Since 1959, NABE has
promoted the use of economics in the workplace and advanced the worthy purpose
of ensuring that leading American businesses benefit from the insights of
economists.
Today
I will focus on the Federal Reserve’s ongoing efforts to promote maximum
employment and stable prices. I am pleased to say that, by these measures, the
economy looks very good. The unemployment rate stands at 3.9 percent, near a
20-year low. Inflation is currently running near the Federal Open Market
Committee’s (FOMC) objective of 2 percent.
While
these two top-line statistics do not always present an accurate picture of
overall economic conditions, a wide range of data on jobs and prices supports…
