As the economy strengthens, prospects for labor markets will continue to improve, with the unemployment rate descending to between 7 to 7½ percent by the end of 2012. As the economy evolves, the Federal Reserve remains committed to its long-run statutory goals of price stability and maximum employment.
Jerome H Powell: Opening remarks Opening remarks by Mr Jerome H Powell, Chair of the Board of Governors of the Federal Reserve System, at the Gender and the Economy Conference, a symposium hosted by the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C., (via webcast), 8 November 2021. * * * Good morning.