Board of Governors of the Federal Reserve System

KEY BACKGROUND FACTORS COVID-19 Pandemic and Response The staff’s baseline...out—and states will be more cautious about fully opening— so that by the

best foreshadows the emergence of price pressures. A second, and related...prices should properly be thought of as a relative price-the value of

and/or women-owned firms. Further, the Board designed capacity-development...and/or participation in conferences and outreach events: the Greater Washington

Prices Most Districts reported modest to moderate price growth since the...Prices Price movements were somewhat mixed. Retailers reported that prices

key issue for all households, as higher interest rates have choked off...and from a peak of 5.8 percent in the third quarter of 2022). Expectations

key economic indicators that I typically refer to in speeches like this...compared to the upside risks to inflation, which have likely declined

compared with a year ago. Homebuilders continued to report slow customer...key personnel. Reports of price increases were more frequent than in our

and, unfortunately, many continue to struggle. Although community banks...prices and land values. Effects of Recent Legislation In our interactions

for, ensuring continuity of operations in the wake of physical and cyber...best business interest to make business continuity planning an executive

best to prevent and respond to financial crises. Tonight I would like ...and, consequently, about the financial positions of clearinghouse participants