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Speech
Parsing the Pandemic’s Effects on Labor Markets
Opening Remarks at the Bank’s 66th Economic Conference, “Labor Markets During and After the Pandemic”. Potentially long-lasting effects of the pandemic on the labor market, such as increased remote work and accelerated automation of service-sector jobs, are likely to have differential effects across the workforce. Understanding these differences is important for achieving the Fed’s mission of a vibrant, inclusive economy in the wake of COVID-19.
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 ...
Speech
Remarks at the 22nd Annual Regional and Community Banker’s Conference at the Federal Reserve Bank of Boston
Federal Reserve Bank of Boston President & CEO Susan M. Collins participated in the Bank’s 22nd Annual Regional & Community Bankers Conference. In her remarks, President Collins says inflation is still taking a toll across New England, but the Fed sees evidence that inflation is moderating. The impacts of the pandemic remain unusual, and that means a high degree of uncertainty will be an inescapable part of the near-term policymaking environment, necessitating patience. She also says the region’s banking industry plays an essential role, serving communities and providing households and ...
Speech
Reflections on Uncertainty and Patience in Monetary Policymaking
Susan Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven.
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Remarks on the Outlook, Monetary Policy, and Supporting a Vibrant Economy
The following topics were covered: 1) financial stability; 2) monetary policy and the macroeconomic outlook; 3) financial infrastructure and payments services; and 4) community economic development and opportunity.
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Creating An Economy That Works for All: Remarks at the Bunker Hill Community College 2023 Convocation
To build a vibrant, inclusive economy, we need the best ideas, energy, and participation from everyone. Community colleges play a critical role in this important work by providing affordable, accessible higher education and essential skill development – ultimately strengthening our economy and society.
Speech
Remarks to the Boston Economic Club: The Economy’s Performance and Outlook, and Implications for Policy
It is important to recognize that the path the economy takes toward the Fed’s mandated goals may continue to be bumpy and uneven, and we should not overreact to individual data points. To President Collins' thinking, that reflects the realities of a unique and challenging pandemic and the economic recovery from it. Expecting all indicators to be well aligned is too high a bar, but seeing sustained, broadening signs of progress should provide the necessary confidence she would need to begin a methodical adjustment to our policy stance.
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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
Remarks for the National Association of Corporate Directors New England Chapter
Susan Collins shared remarks during a National Association of Corporate Directors (NACD) New England Chapter meeting, covering aspects of the economy she recently discussed at the Economic Club of New York.
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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.