Summary:
- This article is a speech given by Susan M. Collins, the President of the Federal Reserve Bank of Boston, on the current state of the U.S. economy and the role of the Federal Reserve in managing it.
- The speech discusses the Federal Reserve's efforts to achieve its dual mandate of price stability and maximum employment, including its recent interest rate hikes to combat high inflation.
- The speech also touches on the impact of the COVID-19 pandemic and the ongoing supply chain issues on the economy, and the Federal Reserve's strategies to navigate these challenges.