Donald L Kohn: Economic outlook Remarks by Mr Donald L Kohn, Member of the Board of Governors of the US Federal Reserve System, at the 2005 Conference of Twelfth District Directors, Federal Reserve Bank of San Francisco, San Francisco, 14 April 2005. *  *  *  The economy has been performing well of late.
If so, a lower level of unemployment might be needed to fully eliminate slack in the labor market, drive faster wage growth, and return inflation to our 2 percent objective.