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Reflections on Phasing Policy Amidst (Pandemic) Uncertainty The 2023 Goldman Lecture in Economics at Wellesley College Susan M. Collins President & CEO Federal Reserve Bank of Boston October 11, 2023 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 2 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 3 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 4 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 5 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 6 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 7 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 8 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 9 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 10 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 11 Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 12 © 2023 Federal Reserve Bank of Boston Federal Reserve Bank of Boston | bostonfed.org Susan M. Collins | Remarks at Wellesley College | October 11, 2023 13