Fed's Paulson: Navigating Uncertainty- Inflation, Labor Markets, and the Stance of Monetary Policy

From philadelphiafed.org

Good evening. Thank you, Colby, for that kind introduction. It's great to be here. As many of you know, Congress has given the Federal Reserve and specifically the Federal Open Market Committee the job of delivering stable prices and maximum employment for the American people. I am focused on understanding economic conditions and where they are headed — so that we can position monetary policy to achieve those goals. My team and I spend a lot of time analyzing data and listening to people. We talk to households across the economic spectrum, firms of every size and sector, nonprofits, and a wide range of financial ... (full story)