6  BIS Review 52/2004
How the U.S. outlook evolves in the future is fundamentally tied to the fortunes of the economies around the world. As I look ahead, I’m keeping a keen eye on all the data, both domestic and global, and the implications for our economy. With an uncertain outlook, vigilance and flexibility are essential for achieving our dual mandate goals of maximum employment and price stability. Persistently low inflation, heightened uncertainty, and global cross-currents make this a particularly challenging time for monetary policy, and my laser focus is on doing the best we can to support a strong economy and achieve our 2 percent inflation goal. Thank you. 1 Jerome H. Powell, Challenges for Monetary Policy, speech delivered at the “Challenges for Monetary Policy”  symposium, sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 23, 2019. 2 See the FOMC’s Statement on Longer-Run Goals and Monetary Policy Strategy, as amended effective January  29, 2019. 3 International Monetary Fund. 2019. World Economic Outlook Update: Still Sluggish Global Growth. Washington,  D.C., July. 3/3  BIS central bankers' speeches