November 30, 2020
This week on EconoFact Chats, host Michael Klein talks to Jeffrey Fuhrer about the role of the Federal Reserve in responding to crises.
March 17, 2020
In the face of a potentially precipitous decline in economic activity it is necessary to act quickly, not least to stem a vicious cycle whereby a downturn generates panic, which exacerbates the downturn.
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.
December 18, 2019
Michael Klein, Executive Editor of EconoFact and Dan Sichel (Wellesley) highlight some of the problems with low inflation.
October 21, 2019
Megan Greene (Harvard) and Michael Klein (EconoFact) discuss some of the reasons for the low unemployment, and wage and price inflation in the U.S. economy.
October 8, 2019
Inflation has averaged just over 1-1/2 percent over the past decade. With unemployment at historic lows, continued soft inflation poses a puzzle and a challenge.
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.
June 7, 2019
Modern Monetary Theory (MMT) has attracted attention, especially among many who see in it a support for greater government spending.