… this is the wrong moment to hit the economy with any added juice. … “We certainly don't have a lot of spare workers today.”
Kristin Forbes discusses the Fed's policy outlook ahead of the U.S. jobs report.
“Central banks now appreciate that r-star has fallen, and that means they're going to have limited ability to tighten monetary policy ..."
“Climate change is important for financial stability issues...But...I worry that central banks just don't have effective tools…"
Recent work by [Prof.] Kristin Forbes...suggests that domestic inflation has become more responsive over time to global factors.
Prof. Kristin Forbes...talks about Joe Biden's stimulus proposal and Federal Reserve policy.
“Bailey's argument was that QE is a...powerful tool, especially when markets are disorderly...No one's really made that argument the same way.”
"...many countries might soon face a debt crisis on top of their health and economic crises — especially if growth recovers slowly."
“I think trying to predict where inflation is going to be in a few years is a mug's game,” said Kristin Forbes
