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Speech
Observations on the Economy’s Performance and Outlook
The U.S. economy overall performed remarkably well in 2023: inflation slowed notably, while job growth and output growth remained quite strong. Importantly, the pandemic recovery has been unusually equitable, with employment gains having been broadly shared across racial and ethnic groups.
Speech
Opening Remarks for Sessions on Men and Women in the Workforce
The widely followed overall unemployment rate is the standard measure for the state of the U.S. labor market. But underneath that single statistic are wide-ranging differences across geographies, and demographic groups. No one statistic can adequately characterize the labor market because aggregate numbers can mask the wide range of experiences across people, sectors, and places. Uneven labor market outcomes call for a full and focused exploration, motivated by our duty to pursue the Fed’s maximum employment mandate.
Speech
Perspectives on the Economy and Policymaking
Susan Collins reviews a wide range of information to assess the evolving economy. She looks for patterns and trends showing sustained reductions in inflation, and progress on the underlying goal of bringing demand and supply back into better balance. She notes that price stability is essential for a well-functioning economy and an important precondition for maximum employment that is sustainable over time.
Conference Paper
General discussion: monetary policy and stock market booms
Speech
Perspectives on the Economy and Policy
Federal Reserve Bank of Boston President & CEO Susan M. Collins provided remarks and participated in a conversation about monetary policy, the breadth of the Federal Reserve's work, and her career path, at the University of Michigan’s Gerald R. Ford School of Public Policy. In her remarks, Collins said she sees the economy “in a good place overall, with inflation heading back to the 2 percent target amid a healthy labor market.” The primary job for monetary policy in this context is sustaining these favorable conditions going forward.
Speech
Perspectives on the Economy and Monetary Policy
In this event, hosted by the Hutchins Center on Fiscal and Monetary Policy at Brookings, Susan Collins shared her perspectives on macroeconomic conditions and key dimensions of monetary policymaking in the current context.
Speech
Creating a Vibrant, Inclusive Economy: Remarks at the Community College of Rhode Island
First, I want to highlight why I wanted to prioritize speaking at a community college like CCRI; and why community colleges, and all of you engaged with them, are so important to our economy and society. Then, I’ll talk briefly about the range of things we do at the Federal Reserve, to advance our mission. And finally, I’ll share some of the lessons I’ve learned from my own career path, in case my experiences may be helpful to you.
Speech
Full Employment: A Broad-Based, Inclusive Goal: Opening Remarks at the Federal Reserve Bank of Boston’s 67th Economic Conference, “Rethinking Full Employment"
Susan Collins emphasized that the two aspects of the Fed’s dual mandate are complementary. A challenge for the Fed, explored at this conference, is how to operationalize a broad concept of full employment when setting monetary policy. She emphasized the connection between the full employment goal and the Fed’s role in fostering a vibrant economy that works for everyone. A better understanding of the behavior of labor force participation is important if the Fed is to meet both its full-employment and price-stability goals. It is essential to examine factors that could limit people from ...