Patrick Harker, Speech: Highlighting the Labor Market’s New Complexities; Listening to Worker Voices
Page(s): 6
“I do believe that we are close to the point where we can hold rates in place and let monetary policy do its work to bring inflation back to the target in a timely manner.”
‘Along this path, I project that we will see modest growth this year, with real GDP coming in a bit below 1 percent. I expect inflation to decline to somewhere around 3.5 percent this year, before falling to 2.5 percent in 2024, and leveling out at our 2 percent target in 2025. Unemployment is also likely to tick up slightly, hitting around 4.4 percent this year.”
Video of the Q&A segment is not yet available.