The Outlook for the U.S. Economy and Implications for Monetary Policy

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It has been a privilege to travel across and explore this beautiful state over the past several days and to be here in Brookings with you this evening. And I’m pleased to have the opportunity to share with you, the students of South Dakota State University (SDSU), my experience as a member of the Federal Reserve Board of Governors and my outlook for the U.S. economy.1

Today I will speak to you about my outlook for the U.S. economy and what the Federal Reserve has been doing to support economic activity during the COVID-19 pandemic recovery.

I will also touch on a few details about what I’ve learned of the economic conditions here in South Dakota. Over the past few days, I’ve had the opportunity to meet with a number of business and community leaders here in your state. Beginning on Monday in Rapid City, I made a quick pre-dawn visit to Mount Rushmore on Tuesday while en route to a Native American Indian…

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