“The growth suggests that the economy is in a reasonable place, but we also want to make sure that policy is in a place that matches it. What I don’t want to do is be so worried that inflation might come up again or be persistent, that we wait for that clarity and don’t support the labor market in a way that continues to deliver this. Wouldn’t this be great if we continue to deliver, solid growth, lower inflation, and as a healthy labor market, that’s what we’re aiming for. And because we have this policy that acts with a lag, we have to be ahead in order not to be behind,” she said on Maria Bartiromo’s Wall Street. Watch the interview here.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.