“Ultimately, what people want is price stability, lower inflation, bringing it fully back to target and an opportunity to catch up from what inflation took from them when it was so high and wages weren’t keeping up…there’s a lot more work for us to do,” she told PBS News Hour co-anchor Geoff Bennett. Watch the interview here.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.