IDEAS home Printed from https://ideas.repec.org/p/fip/fedcsp/89391.html
   My bibliography  Save this paper

Patience Will Be a Virtue in Fostering a Broad-Based Sustainable Recovery

Author

Listed:
  • Loretta J. Mester

Abstract

I thank Professor Yoosoon Chang, president of the Korea-America Economic Association, for the opportunity to speak at this year’s annual forum. Over the years, the forum has had a number of distinguished speakers and it is truly an honor to speak with you this evening about the outlook for the economy and monetary policy. I believe patience will prove to be a virtue as the year unfolds. Until the vaccines have been widely distributed and many people have been vaccinated, we will all need to be patient and continue to follow public health experts’ advice to socially distance, wear a mask, and wash our hands to help control the virus’s spread. In addition, monetary policy will also need to remain patiently accommodative to support a broad-based and sustainable recovery and achievement of our longer-run goals of maximum employment and price stability.

Suggested Citation

  • Loretta J. Mester, 2021. "Patience Will Be a Virtue in Fostering a Broad-Based Sustainable Recovery," Speech 89391, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcsp:89391
    as

    Download full text from publisher

    File URL: https://www.clevelandfed.org/en/newsroom-and-events/speeches/sp-20210104-patience-will-be-a-virtue-in-fostering-a-broad-based-sustainable-recovery.aspx
    File Function: Full Text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alexander Dietrich & Edward S. Knotek & Michael McMain & Kristian Ove R. Myrseth & Raphael Schoenle & Michael Weber, 2021. "Expected Post-Pandemic Consumption and Scarred Expectations from COVID-19," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2021(11), pages 1-8, April.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:fedcsp:89391. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: 4D Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbclus.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.