Speeches, Interviews, Essays

Susan M. Collins participated in a virtual interview about careers in economics and her personal experiences. Monetary policy and the economy were not discussed in this 23 minute Q&A.

Fed Funds “I do think that the recent stresses are quite likely to cause some financial tightening. And that’s something that I factor in as I think about what appropriate monetary policy is.” “Some banks may choose to increase their liquidity a bit, perhaps, tightening conditions for credit. And that would help to slow the…

Richmond Federal Reserve President Tom Barkin and five other business and economic leaders who took part in Guilford College’s first Business Summit on 4/3/23. The speech and Q&A segment are not yet available.

Banking Crisis “I do think that the reaction to the banking problems was swift and was appropriate and both here in the U.S. and overseas. I think the idea that there are macroprudential tools that you can use in that kind of situation to calm things down, that seems to have worked so far. You…

Q&A Segment In the 10 minute Q&A, goods and labor supply was discussed, although monetary policy, the banking crisis and the overall economy was not mentioned. Speech Segment “My topic tonight is “The Unstable Phillips Curve.”1 This is not intended to be a deep academic analysis but rather to present some thoughts for discussion.” “What…

Inflation “Even so, several factors are likely to contribute to disinflation. Long-term inflation expectations remain well anchored, and shorter-term expectations have retraced much of last year’s rise. Rent increases on new leases have slowed sharply over the past six months, which should begin to pull down measured housing-services inflation over the course of this year.…

Q&A Segment Monetary Policy and the economy were not mentioned. Speech Segment Inflation Expectations “One aspect of inflation that’s important for achieving and sustaining price stability is the anchoring of inflation expectations. Various measures of longer-run inflation expectations have remained well anchored at levels consistent with our 2 percent goal.” “Inflation expectations for the next…

Inflation “So we have tools to bring demand down by raising interest rates to bring the economy back into balance. So we have to do that because if we were to lose control of inflation and people would lose confidence that inflation was going to return, it actually ends up leading to much worse economic…

Q&A Segment Inflation “So let me start by just very quickly saying what is in the SEP, the Summary of Economic Projections, it just came out last week and the median does give a sense of what the overall committee thinks, and in my view is quite similar to my outlook. And that has the…

Q&A segment was not available. Inflation “It is possible that tightening credit conditions, along with the lagged effect of our rate moves, will bring inflation down relatively quickly. But I still see three reasons why it could take time for inflation to return to target.” “First, the pandemic is still with us. Not the public…