Keynote: The Status and Outlook of the U.S. Economy and Monetary Policy-Slides - Keynote: The Status and Outlook of the U.S. Economy and Monetary Policy

Slides - Keynote: The Status and Outlook of the U.S. Economy and Monetary Policy

Pdf Summary

The document provides an overview of the status and outlook for the U.S. economy and monetary policy. It highlights key points such as economic activity expanding at a modest pace, job gains remaining robust, and inflation remaining elevated. The Federal Reserve aims to achieve maximum employment and inflation at a rate of 2 percent over the longer run and has raised the target range for the federal funds rate. The document also discusses production and consumption, the labor market, inflation, and monetary policy. It includes charts and data on real GDP growth, consumer spending, industrial production, consumer confidence, and more. Additionally, the document presents scenarios for advisory clients in different stages of their lives and provides strategy alternatives for each scenario. The summary concludes by noting the uncertain economic outlook and the effectiveness of the Federal Reserve's restrictive monetary policy actions.

Keywords

U.S. economy

monetary policy

economic activity

job gains

inflation

Federal Reserve

maximum employment

federal funds rate

production and consumption

labor market