A View of the Feds Policy Path Raphael Bostic President and Chief - - PowerPoint PPT Presentation
A View of the Feds Policy Path Raphael Bostic President and Chief Executive Officer Federal Reserve Bank of Atlanta Louisiana Committee of 100 for Economic Development, Inc. Business Roundtable Baton Rouge, Louisiana October 23, 2018 1
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Federal Reserve Bank of Atlanta Louisiana Committee of 100 for Economic Development, Inc. Business Roundtable
Baton Rouge, Louisiana October 23, 2018
2 4 6 8 10 12 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008
"Undershooting" the Natural Unemployment Rate
percent 1987:Q3 1997:Q1 2005:Q4 1978:Q2 1971:Q4 1964:Q3
“High pressure” periods, where the unemployment rate falls below its natural rate.
Natural rate of unemployment (CBO) Civilian Unemployment Rate (U3)
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Sources: Bureau of Labor Statistics; Congressional Budget Office (CBO)
2 4 6 8 10 12 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016
"Undershooting" the Natural Unemployment Rate
percent 1987:Q3 1997:Q1 2005:Q4 1978:Q2 1971:Q4 1964:Q3 Natural rate of unemployment (CBO) Civilian Unemployment Rate (U3)
“High pressure” periods, where the unemployment rate falls below its natural rate.
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Sources: Bureau of Labor Statistics; Congressional Budget Office (CBO)