May 15, 2023
Credit crunches due to bank distress can undermine economic growth. There is evidence of tighter credit and lower demand for loans in the recent bank turmoil.
May 10, 2021
Although reported rates of hunger during the pandemic have come down since reaching a peak in December of 2020, hunger is likely to remain an issue for millions of Americans even as the economy recovers. There is evidence that existing government programs, as well as the expansions and enhancements of them put in place during the crisis, can move the needle on hunger. A few modest policy changes could further improve their effectiveness and reach.
December 15, 2020
The Fed’s new framework for inflation and employment imply letting the economy run "hot" in ways that could benefit low-income and minority communities.
October 13, 2020
Automatic stabilizers are spending or tax policies that cushion downturns and taper off as the economy improves. They respond rapidly and continue while needed.