Jerome Powell: The economic outlook and monetary policy

Speech by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, at the Forecasters Club of New York Luncheon, New York City, 22 February 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

The Economic Outlook and Monetary Policy

Thank you for this invitation to speak here today. I will begin by taking stock of the progress of the U.S. economy. I will then discuss longer-term challenges for the economy and wrap up with a discussion of monetary policy. As usual, my comments reflect my own views and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC).