Journal Article
The outlook and monetary policy challenges
Abstract: The pace of economic growth has been frustratingly slow and the recovery has lost momentum in recent months. The economy is weighed down by the ongoing European sovereign debt crisis and fiscal tightening in our own country. In these circumstances, it is essential that the Federal Reserve provide sufficient monetary accommodation to keep our economy moving towards the central bank?s maximum employment and price stability mandates. This Letter is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Idaho, Nevada, and Oregon Bankers Associations on July 9, 2012.
Keywords: economic conditions - United States; Monetary policy;
Access Documents
File(s): File format is text/html http://www.frbsf.org/publications/economics/letter/2012/el2012-22.html
File(s): File format is application/pdf http://www.frbsf.org/publications/economics/letter/2012/el2012-22.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2012
Order Number: 22