While participating in a public conference held by the Federal Reserve, Professor Susan Collins sat down with Yahoo Finance to talk about the value of taking stock of the economy while its strong.
“When things are strong is when you really need to make sure your roof isn’t leaking,” Collins told Brian Cheung of Yahoo Finance. Collins continued that she thinks more can be done to manage inflation and decrease unemployment, particularly while the economy is strong. Another challenge she noted the conference would explore is the global economy, which she said “is more and more interactive in ways that are hard to assess.”
She said that a major goal of the conference was to ensure “enough in the toolkit to address things” during an eventual downturn.
Watch Susan Collins talk with Yahoo Finance here.
Susan M. Collins is the Edward M. Gramlich Collegiate Professor of Public Policy, professor of economics, and former dean of the Ford School (2007—17). Before coming to Michigan, she was a professor of economics at Georgetown University and a senior fellow in economic studies at the Brookings Institution, where she retains a nonresident affiliation. She is an international economist whose research interests center on understanding and fostering economic growth in industrial, emerging market, and developing countries. She is currently a member of the Board of Directors of the Federal Reserve Bank of Chicago, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research.