Last observation: 19 January 2018 for the Bloomberg survey and inflation expectations, 20 February 2018 for the forward-implied lift-off horizon. 15 Praet, P. (2017), “Maintaining price stability with unconventional monetary policy measures”, speech at the MMF  Monetary and Financial Policy Conference, London, 2 October. 16 Cœuré, B.
Over the course of the past two years, a variety of negative shocks have affected the U.S. economy, but employment has resumed robust growth after each temporary slowdown: This recovery has been and continues to be powerful in terms of one of our two main targets— employment—and it is my view that the labor market is close to full employment.