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.
March 15, 2020
The Fed cut interest rates and announced plans to lend $1.5 trillion to banks and financial institutions and purchase $37 trillion in U.S. Treasury securities.
January 21, 2020
Climate change presents risks stemming from increased frequency of extreme weather events and transition risks resulting from rapid repricing of financial assets.
September 17, 2019
The Fed does not have much room to stimulate the economy with traditional tools if the economy were to slip into recession. A negative rate would give it more ammunition.
July 30, 2019
The federal funds rate remains below where it would normally be, given current economic conditions. But there is significant uncertainty in the assessment.
August 6, 2017
The Federal Reserve Bank has persistently undershot its inflation target of 2 percent. This level of low inflation is puzzling, given the low unemployment.
April 13, 2017
Vacancies at the Fed's leadership as well as political rhetoric and pending legislation make this a particularly vulnerable time for Fed independence. Political pressure on central banks typically results in worse economic performance.