May 18, 2021
Inflation was 4.2% in April 2021. Whether it is likely to continue increasing depends on the different factors that contribute to a generalized rise in prices.
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.
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.
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.
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.