The Best of Federal Reserve
The most popular Federal Reserve articles, as voted by our community.
Speech by Chair Powell on challenges for monetary policy
The US economy pushed past its 10th anniversary of expansion in July 2019. But while unemployment remains low and inflation in check, GDP growth is slowing from its vigorous 2018 pace. Add to that an escalating trade war, tepid global growth and president Donald Trump’s persistent hammering of the central bank, and the Federal Reserve has its hands full. Business leaders can gauge Fed chair Jerome H. Powell’s thinking about future monetary policy in his remarks delivered at the annual Jackson Hole Economic Symposium in August 2019.
Raising the Inflation Target: Lessons from Japan
January 08, 2020 Taisuke Nakata1 1. Introduction Equilibrium real interest rates across the world, including in the United States, have declined over the past few decades and are expected to stay at…
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