What’s the Problem with Low Inflation?
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.
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.
June 2, 2017
The US dollar got stronger in the wake of the 2016 election. But the dollar has since declined in value. As has the interest rate on 10-year Treasury Bills.
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.