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Landing Softly Is Just the Beginning

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  • 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
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    References listed on IDEAS

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    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.
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    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.
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