Board of Governors of the Federal Reserve System

economic outlook and my views on appropriate monetary policy. Overall,...Economic growth was quite strong in 2024. Inflation has fallen considerably

of. I get a number of invitations to speak at commencements, which I find...projections of how alternative policy choices will influence the future

of the Phillips curve). In response, researchers began using the noncyclical...economic slack that are not apparent in the national-level data, which

Summary This report was prepared at the Federal Reserve Bank of San Francisco...Summary of Economic Activity Economic activity continued to expand in

Summary Introduction Methodology Findings by Topic Conclusion Appendix...projections or their college indebtedness. This screen also has several

Summary of Economic Activity Economic activity in the Twelfth District...Out-of-pocket spending for health-care services declined, and demand for

Summary This report was prepared at the Federal Reserve Bank of Philadelphia...Summary of Economic Activity Economic activity continued to expand in

Summary This report was prepared at the Federal Reserve Bank of Minneapolis...Summary of Economic Activity Economic activity expanded at a modest pace

SummaryFederal Reserve Bank of BostonFederal Reserve Bank of New YorkFederal...Summary of Economic Activity Contacts' reports suggested flat overall

Summary National Summary This report was prepared at the Federal Reserve...Economic Activity National economic activity expanded modestly on net