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Lessons from History, Policy for Today

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  • Mary C. Daly

Abstract

Today’s economic challenges are different from the past, and it’s important to learn from history to achieve a better economic future for everyone. As the economy recovers from the effects of COVID-19, the Fed’s new policy framework retains vigilance against inflation while committing to not pull back the reins on the economy in response to a strong labor market.

Suggested Citation

  • Mary C. Daly, 2021. "Lessons from History, Policy for Today," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2021(07), pages 01-07, March.
    • Handle: RePEc:fip:fedfel:90111
    Note: The following is adapted from a virtual webinar by the president and CEO of the Federal Reserve Bank of San Francisco to the Economic Club of New York on March 2.
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    Cited by:

    1. Mary C. Daly, 2022. "Policy Nimbleness Through Forward Guidance," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(17), pages 1-07, June.

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