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.