Board of Governors of the Federal Reserve System

and, more generally, the public interest. The Federal Reserve ■ conducts

and, hence, price pressures as in Gali (2011). • Production of goods and...and, second, fluctuations in the discount factor/risk premi- ums faced

expectations are calculated using OIS forecasts from November 15, 2022...expectations are quarterly and end-of-period. Data for 10-year yields

Jackson Hole Economic Policy Symposium: Challenges for Monetary Policy...Jackson Hole, Wyo. 23 6:00 p.m. Speech -- Vice Chair for Supervision Randal

and, as always, we will act as appropriate to sustain the expansion, with...expectations. At the heart of the review is the evaluation of potential

expectations for monetary policy? And, finally, how did markets respond...indexes reached all-time highs. And, as shown in the top two panels, the

and informed by the staff’s assessment of the likely effects of social...and, hence, price pressures as in Gali (2011). • Production of goods and

indexes, have remained quite accommodative during a period when the federal

index for personal consumption expenditures, or PCE, came in at 1.6 percent...indexes are running much closer to 2 percent. Monetary Policy Considerations

and, just since our December meeting, the median FOMC projection for year-end...work—and labor supply would begin bouncing back, kinks in supply chains