IDEAS home Printed from https://ideas.repec.org/a/fip/fedfel/98997.html
   My bibliography  Save this article

Landing Softly Is Just the Beginning

Author

Listed:
  • Mary C. Daly

Abstract

The economy has significantly improved from just two years ago. Inflation has fallen substantially, and the labor market has returned to a more sustainable path. A soft landing is achievable, and the Fed is resolute to finish the job. But looking ahead, we should strive for a durable and sustained expansion that helps all Americans. The following is adapted from remarks presented by the president of the Federal Reserve Bank of San Francisco at the New York University Stern School of Business in New York City on October 15.

Suggested Citation

  • Mary C. Daly, 2024. "Landing Softly Is Just the Beginning," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2024(28), pages 1-6, October.
    • Handle: RePEc:fip:fedfel:98997
    as

    Download full text from publisher

    File URL: https://www.frbsf.org/wp-content/uploads/el2024-28.pdf
    File Function: Full text - article PDF
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Deepika Baskar Prabhakar & Robert G. Valletta, 2024. "Why Is Prime-Age Labor Force Participation So High?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2024(03), pages 1-6, January.
    2. Mary C. Daly, 2020. "Is the Federal Reserve Contributing to Economic Inequality?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2020(32), pages 1-07, October.
    3. David Autor & Arindrajit Dube & Annie McGrew, 2023. "The Unexpected Compression: Competition at Work in the Low Wage Labor Market," NBER Working Papers 31010, National Bureau of Economic Research, Inc.
    4. Neil Bhutta & Jesse Bricker & Andrew C. Chang & Lisa J. Dettling & Sarena Goodman & Alice Henriques Volz & Joanne W. Hsu & Kevin B. Moore & Sarah Reber & Richard Windle, 2020. "Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 106(5), pages 1-42, September.
    5. Guerreiro, Joao & Hazell, Jonathon & Lian, Chen & Patterson, Christina, 2024. "Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs," IZA Discussion Papers 17339, Institute of Labor Economics (IZA).
    6. Joao Guerreiro & Jonathon Hazell & Chen Lian & Christina Patterson, 2024. "Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs," NBER Working Papers 32956, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cupák, Andrej & Fessler, Pirmin & Hsu, Joanne W. & Paradowski, Piotr R., 2022. "Investor confidence and high financial literacy jointly shape investments in risky assets," Economic Modelling, Elsevier, vol. 116(C).
    2. Todd, Jessica E. & Whitt, Christine & Key, Nigel & Mandalay, Okkar, 2024. "An Overview of Farms Operated by Socially Disadvantaged, Women, and Limited Resource Farmers and Ranchers in the United States," Economic Information Bulletin 340512, United States Department of Agriculture, Economic Research Service.
    3. Ashenfelter, Orley & Jurajda, Štepán, 2024. "The U.S. Low-Wage Structure: A McWage Comparison," IZA Discussion Papers 17142, Institute of Labor Economics (IZA).
    4. Ahmad Omar, 2024. "When Mortgage Lock-In Locks Out Homebuyers," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 9(2), pages 2-9, June.
    5. Jose Maria Barrero & Nicholas Bloom & Steven J. Davis, 2023. "Long Social Distancing," Journal of Labor Economics, University of Chicago Press, vol. 41(S1), pages 129-172.
    6. J. Michael Collins & Amrita Kulka, 2023. "Saving by buying ahead: stockpiling in response to lump‐sum payments," Fiscal Studies, John Wiley & Sons, vol. 44(4), pages 451-484, December.
    7. Kevin Curran, 2024. "Regional Spotlight: Wage Inequality Across the U.S," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 9(2), pages 19-26, June.
    8. Judith Derndorfer & Daniel Haim & Markus Marterbauer & Patrick Mokre, 2023. "Arbeitskräfteknappheit: Chancen auf gute Arbeit für alle," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 49(1), pages 5-19.
    9. Arindrajit Dube & Attila Lindner, 2024. "Minimum Wages in the 21st Century," RF Berlin - CReAM Discussion Paper Series 2425, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
    10. Larrimore, Jeff & Mortenson, Jacob & Splinter, David, 2023. "Earnings business cycles: The Covid recession, recovery, and policy response," Journal of Public Economics, Elsevier, vol. 225(C).
    11. Burdett, Ashley & Etheridge, Ben & Tang, Li & Wang, Yikai, 2024. "Worker productivity during Covid-19 and adaptation to working from home," European Economic Review, Elsevier, vol. 167(C).
    12. Chantal Pezold & Simon Jäger & Patrick Nüss, 2023. "Labor Market Tightness and Union Activity," NBER Working Papers 31988, National Bureau of Economic Research, Inc.
    13. Angela Guo & Pawel Krolikowski, 2024. "Disability, Immigration, and Postpandemic Labor Supply," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2024(05), pages 1-8, March.
    14. Jose Garcia-Louzao & Alessandro Ruggieri, 2023. "Labor Market Competition and Inequality," Bank of Lithuania Working Paper Series 117, Bank of Lithuania.
    15. Mikołaj Raczyński, 2022. "Monetary policy and economic inequality: a literature review," Bank i Kredyt, Narodowy Bank Polski, vol. 53(2), pages 231-278.
    16. José María Barrero & Nicholas Bloom & Steven J. Davis, 2023. "The Evolution of Work from Home," Journal of Economic Perspectives, American Economic Association, vol. 37(4), pages 23-50, Fall.
    17. Steven J. Davis, 2024. "The Big Shift in Working Arrangements: Eight Ways Unusual," NBER Working Papers 32363, National Bureau of Economic Research, Inc.
    18. Catherine, Sylvain & Yannelis, Constantine, 2023. "The distributional effects of student loan forgiveness," Journal of Financial Economics, Elsevier, vol. 147(2), pages 297-316.
    19. Crump, Richard K. & Eusepi, Stefano & Giannoni, Marc & Şahin, Ayşegül, 2024. "The unemployment–inflation trade-off revisited: The Phillips curve in COVID times," Journal of Monetary Economics, Elsevier, vol. 145(S).
    20. Arlene Wong, 2021. "Refinancing and The Transmission of Monetary Policy to Consumption," Working Papers 2021-57, Princeton University. Economics Department..

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfel:98997. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.