QE2 was once a cruise ship; now it’s shorthand for another convoluted shift in the Fed’s approach to monetary policy. The Fed generally prefers to conduct monetary policy by setting an interest rate ...

Monetary policy in the United States is determined by the Federal Open Market Committee (FOMC), a decisionmaking body that includes regional representation. Evidence shows that the economic conditions ...

Kevin Hassett has emerged as the clear frontrunner to replace Jerome Powell as Federal Reserve chair next May, a shift that ...

Last week I looked at how, for modern day purposes, monetary policy started around 1750. It began with the departure from the presumption that money is wealth to the idea that money is a veil and that ...

The Federal Reserve cut interest rates by 50 basis points on Wednesday. But the lag in monetary policy means it'll take time to feel the relief. It'll take awhile for mortgage, car-loan, and ...

Central banks have long warned that setting interest rates is a ‘blunt tool’ for steering economies and inflation. However, this tool is becoming more blunt. As economies evolve structurally, ...

The Letitia James Case Appears More Complicated Than the Trump DOJ Indictment Suggests Your Weekend Comey Case Recap No, This Is Not Joe Biden’s Peace Deal Federal Magistrate Judge in D.C. Dubiously ...

Our outlook for the U.S. economy remains generally more optimistic than consensus, as we forecast stronger gross domestic product growth and lower inflation. We place the probability of recession risk ...

Following hawkish commentary last Friday from Federal Reserve chair Jerome Powell—who said that it would take “some time” to bring down inflation with ongoing interest rate hikes—experts warn that ...