Fed's Barr: Brief Remarks on the Economic Outlook and Monetary Policy

Thank you to Brookings for the invitation to speak to you this evening. Before we sit down, I thought I might offer some context for our conversation by outlining my views on the outlook for the U.S. economy and the implications for monetary policy.1 I will also touch briefly on regulatory matters. As you know, the Federal Open Market Committee (FOMC) met last week and chose to maintain the current setting of monetary policy—a decision I supported. The U.S. economy has thus far remained resilient, despite having experienced a series of shocks over the past year. But these shocks have complicated the Committee's ... (full story)