Mr. Meyer remarks on the economic outlook and the challenges facing monetary policy Address by Mr. Laurence H. Meyer, a member of the Board of Governors of the US Federal Reserve System, presented at the Public Policy Meeting, Federal Reserve Bank of Atlanta, on 9/4/98. Recent economic performance has been exceptional.
I want to focus on the forces responsible for this performance and how much credit economic policy deserves for the outcome. Then I will assess the crosscurrents shaping prospects going forward and the sustainability of recent economic performance and give my perspective on challenges facing monetary policy.