Jerome H Powell: Monetary policy and risk management at a time of low inflation and low unemployment

Remarks by Mr Jerome H Powell, Chairman of the Board of Governors of the Federal Reserve System, at the "Revolution or Evolution? Reexamining Economic Paradigms" 60th Annual Meeting of the National Association for Business Economics, Boston, Massachusetts, 2 October 2018.

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

It is a pleasure and an honor to speak here today at the 60th Annual Meeting of the National Association for Business Economics (NABE). Since 1959, NABE has promoted the use of economics in the workplace and advanced the worthy purpose of ensuring that leading American businesses benefit from the insights of economists.

Today I will focus on the Federal Reserve's ongoing efforts to promote maximum employment and stable prices. I am pleased to say that, by these measures, the economy looks very good.